In 2021, exports from Armenia increased considerably, by almost 20 percent—and not only from exports of mining resources, but also of finished products and agricultural products. Prime Minister Nikol Pashinyan noted about this during the debates on the 2022 draft state budget at Monday’s joint meeting of the standing committees of the parliament.

According to him, the amount of construction Armenia has increased by 7 percent this year, and services—by more than 5 percent.

"These factors make the target of 7-percent economic growth in 2022 realistic, especially since several large investment projects have already been launched, whose primary target is to turn Armenia from a country exporting raw materials  to a country of developed metallurgy and metal processing chain—as long as possible," the premier emphasized.