YEREVAN, August 14. /ARKA/. According to preliminary estimates, Armenia's GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday.

The minister said approximately 40% of the country's GDP is generated in the first half of the year, and 60% in the second. He said according to the latest statistical data, in the first half of the year the GDP dropped by 2%.

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Armenia’s gross international reserves totaled $1740.2 million in late January 2016 after shrinking 1.7% or by $31 million over one month, according to the central bank’s report

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Over $1 billion was received in Armenia in Jan-Oct 2015 through banks as individual noncommercial transfers, the Central Bank of Armenia reports in a fresh issue of its monthly bulletin

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Armenia’s gross international reserves totaled $1 751.2 million in late August after shrinking 8.4% over the month, the Central Bank of Armenia reported on Tuesday

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Armenia’s gross international reserves totaled $2 113.5 million in late January 2014, after shrinking 6.2% over the month, but growing 19.5% since January 2012, according to the Central Bank of Armenia

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Armenia’s monetary base shrank 1.6% or by AMD 9.2 billion in March, compared with February, to more than AMD 553.8 billion, National Statistical Service reports

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Armenian banks’ aggregate assets shrink 3.9% to AMD 1329.2 billion in 2nd q

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