Investor Presentaiton
16 Investment guide Armenia
Economic Drivers
Key Economic Indicators:
2014
2015
Nominal GDP, USDM
11,644
10,562
Real GDP growth, %
3.5%
3%
Inflation (period average)
3%
3.7%
FDI, USDM
282
147
FDI growth
3.9%
(43.5)
AMD/USD exchange rate (period average)
416
478
Source: NSS
USD billion
11
1
2011
Source: NSS
KPMG
GDP (USD Billion)
HH
8%
7%
6%
5%
4%
3%
2%
1%
0%
2013
2014
2015
2012
Nominal GDP
Real GDP growth rate (Right hand scale)
Armenia has had a positive annual
real GDP growth rate during the last
5 years, keeping around 3-3.5% in
the last three years. The compound
annual growth rate of real GDP for
the years 2011 to 2015 has been 1%.
Nominal GDP decrease in USD terms
of about 9% in 2015 compared with
2014 was mainly due to the local
currency devaluation against USD.
According to the IMF, the real GDP is
expected to grow by 2.5% in 2016 and
2.8% in 2017. Later starting from 2018
to 2020 the IMF expects Armenia to
have 3-3.5% annual growth rate in real
GDP.
Overall the structure of GDP has
been stable during the last five
years Mainly the hotel, restaurant
and entertainment sector has been
experiencing stable growth in recent
years. In 2015 GDP composition
agriculture had the biggest share
compounding 17.3%, followed by
Manufacturing and Mining, and public
administration both compounding
11.2% share each.
2016 KPMG Armenia cjsc,. All rights reserved.View entire presentation