Investor Presentaiton
ECONOMIC INDICATORS
IN LINE WITH THE GOVERNMENT TARGETS THE GROWTH IS EXPECTED TO ACCELERATE AND WILL BE DRIVEN BY
INCREASED PUBLIC INFRASTRUCTURE INVESTMENTS AND ENHANCED PRIVATE INVESTMENTS AND EXPORTS. ECONOMIC
DIVERSIFICATION TOWARDS HIGHER VALUE ADDED ACTIVITIES WILL CONTINUE.
GDP TREND
NOMINAL GDP PER CAPITA
7.5%
7.6%
6.5%
7.0%
5.2%
5,148
3.2%
4,597
4,683
0.2%
4,196
4,269
15.3
3,869
13.6
13.9
3,512
3,524
12.5
12.6
11.5
10.6
10.5
(7.4%)
2015
2016
2017
2015
2016
2017
2018
2019
2020
2021*
2022*
2018
■■GDP per Capita (US$)
2019
2020
2021*
2022*
Nominal GDP (US$ bln)
Real GDP Growth (%)
Source: Armstat
* 2022 Budget Draft Forecasts
GOODS AND SERVICES EXPORT TREND
23.7%
13.6%
15.7%
12.1%
5.7
4.9
(5.5%)
4.4
3.6
3.1
20.2%
16.6%
Source: Armstat
* 2022 Budget Draft Forecasts
DIVERSIFICATION INTO HIGHER VALUE ADDED ACTIVITIES
(% Share in Real GDP)
10.0
9.7
9.9
10.2
10.2
9.9
9.9
9.9
5.3
44.3
45.7
47.2
49.2
50.4
49.1
49.8
49.3
4.5
3.8
9.0
7.8
7.5
7.2
7.1
7.1
6.8
7.5
20.7
19.7
17.4
15.5
13.6
14.0
13.9
13.5
(34.2%)
16.0
17.2
18.0
18.0
18.8
19.9
19.5
19.7
2015
2016
2017
2018
2019
2020
2021*
2022*
2015
2016
2017
2018
2019
2020
2021*
2022*
Exports (US$ bln)
Export Growth (%)
■Services
■Construction
■Agriculture
■Industry
Source; Armstat
*2022 Budget Draft Forecasts
11
■Taxes less subsidies on products
Source: Armstat, Calculations of the Ministry of Finance
*2022 Budget Draft ForecastsView entire presentation