ArmInfo. The gross fixed asset formation indicator in Armenia stood at 15.8% in 2018, and will reach 21.3% by the end of 2024. This was stated by Minister of Economy Gevorg Papoyan during a press conference on February 6.
He explained that this refers to the funds the public invests in fixed assets (buildings, equipment, machinery, intellectual property), meaning they are making long-term investments instead of consuming them.
"The growth dynamics of this indicator demonstrates how we are gradually transforming from a consumer to a creator," Papoyan said.
The minister did not express particular satisfaction with the achieved indicators, noting that the results for 2025 have not yet been finalized. "However, the available results indicate that the share of long-term investments in Armenia is growing over time." "The more this percentage increases, the greater the potential of our GDP will grow," Papoyan said.
