According to Armenian National Statistical Service, GDP growth rate in Armenia made 3.1% in the January-August period of 2010. The economic growth in the country is still slow.

The GDP in Armenia peaked in May, making 8.8%. The Armenian authorities explain the economic downturn by 18% decline in the agricultural sector. For the first time, a fall was registered in the construction sector – 2.4%. The economic growth was preserved due to the industrial growth, totaling 11.5%.

According to forecast of the Armenian budget, annual GDP growth is to total 1.2%.