All news related to GDP

Armenian premier reports 1.38% increase in tax-GDP ratio over one year

07.05.2020 15:09

Armenian premier reports 1.38% increase in tax-GDP ratio over one year

YEREVAN, May 7. /ARKA/. At the end of 2019, the ratio of taxes to GDP in Armenia was 22.3% against 20.95% a year earlier, Prime Minister Nikol Pashinyan said Wednesday in the National Assembly as he presented the performance of the government’s program to the lawmakers.

“Thus, during 2019, we increased the tax/GDP ratio by 1.28%. This is an extremely tangible result, comparable with additional tax revenues in the amount of 90.7 billion drams,” the prime minister said.

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Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy minister

06.04.2020 13:15

Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy minister

The damage to the Armenian economy from the coronavirus in the base scenario will amount to $ 1.53 billion (or 11.2% of the 2019 GDP), according to a study by Vahram Avanesyan, a former minister of economy of Armenia, published on the website of the Russian-Armenian University

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Fitch ratings projects that Armenia’s government debt may rise from 53.6% at end-2019 to 59.2% of GDP in 2020

04.04.2020 21:53

Fitch ratings projects that Armenia’s  government debt may rise from 53.6% at end-2019 to 59.2% of GDP in 2020

Armenia’s general government debt is projected to rise from 53.6% at end-2019 to 59.2% of GDP in 2020 before falling back to 56.0% in 2021, upward revisions of 9.4pp and 7.4pp, respectively, since our last review, and well above the current ‘BB’ median of 46.5%, Fitch Ratings said in a report

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Armenia's public debt to be below 50% of gdp by 2020

18.12.2019 12:49

Armenia's public debt to be below 50% of gdp by 2020

Chaired by Prime Minister Nikol Pashinyan, the Government of Armenian discussed December 17 Ministry of Finance budget allocation bid for FY2020

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Armenia's public debt expected to drop to 49 percent of GDP by the end of 2019

13.12.2019 11:39

Armenia's public debt expected to drop to 49 percent of GDP by the end of 2019

Armenia’s public debt is expected to drop to 49 percent of GDP by the end of 2019

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Fitch expects Armenia's gross government debt to decrease to 51.2% of GDP in 2019, and 48.4% in 2021

25.11.2019 11:52

Fitch expects Armenia's gross  government debt  to decrease to 51.2% of GDP in 2019, and 48.4% in 2021

Fitch Ratings said in a latest report it has greater confidence in the Armenian government’s commitment to put debt on a downward trajectory

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In 2019 Armenia's public debt to make 50.3% of its GDP

31.10.2019 17:22

In 2019 Armenia's public debt to make 50.3% of its GDP

Armenian government’s public debt at the end of 2019 will stand at $6.94 billion, making 50.3% of its GDP, First Deputy Minister of Finance Karen Brutyan told a parliamentary hearing on the 2020 draft budget today. He specified that as of September 30, 2019, the public debt was worth $6.539 billion

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4.9% GDP growth projected in Armenia's 2020 draft government budget

28.10.2019 18:46

4.9% GDP growth projected in Armenia's 2020 draft government budget

At Armenia’s government budget for 2020, GDP growth is projected at 4.9%, Finance Minister Atom Janjughazyan said Monday at the discussion of the government budget at the National Assembly’s standing committees. In the 2019 government budget, economic growth is projected at 4.9% and inflation at 2.7%

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EDB expects Armenian GDP growth to exceed 6 percent in 2019

08.10.2019 16:37

EDB expects Armenian GDP growth to exceed 6 percent in 2019

In an exclusive interview with Arka news agency Andrey Krainiy, deputy EDB Board Chairman, said the Bank forecasts that the economic growth in Armenia by the end of 2019 will exceed 6% and will be one of the highest in the EDB member countries

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Implementation of structural reforms in Armenia could increase real GDP by 7 percent - IMF

10.06.2019 18:50

Implementation of structural reforms in Armenia could increase real GDP by 7 percent - IMF

A full implementation of structural reforms in Armenia could increase the country’s real GDP by as much as 7 percent over the long run, the International Monetary Fund says in its fresh report

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