Investor Presentaiton

THE ECONOMIC TARGETS OF THE GOVERNMENT PROGRAM 2021-2026 13 The Government of Armenia has set the following targets for 2021-2026 ✓ At least 7% annual average GDP growth (with favorable external conditions to be targeted at 9%) ✓ 25% formal private sector labor income share in GDP ✓ Less than 10% unemployment rate ✓ At least 5% annual growth of total factor productivity ✓ At least 25% Investment share in GDP ✓ Reaching 6% of foreign direct investment share in GDP ✓ At least 15% share of manufacturing in GDP

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