ArmInfo. In Armenia, the service sector accelerated its annual growth from 9.9% to 13% in January-September 2026, reaching 3.4 trillion drams ($9.3 billion). However, in September alone, the volume of services provided increased by only 1.3%, reaching 426.1 billion drams.
($1.2 billion). According to data from the RA Statistics Committee, the acceleration in annual growth is due to improved performance in dominant sectors.
In particular, in the transportation sector, the annual growth rate of services provided increased from a 2.8% decline to 18.9%, while in the accommodation and catering sector, growth accelerated from 4.5% to 14.9%. Furthermore, dominant sectors maintained double-digit growth, albeit with a subtle slowdown: information and communications – from 18.4% to 14.8%; and the financial sector – from 13.8% to 13.2%.
A slowdown in the growth of services provided was also recorded in the culture, recreation, and entertainment sector – from 2.7% to 0.6%; and healthcare – from 9.7% to 5.1%. Real estate saw accelerated growth in services provided, from 11.2% to 12.3%, administrative and support activities, from 11.8% to 22.5%, and professional and technical activities, from 8.4% to 13.7%.
Year-on-year growth in education services worsened, from 1.9% growth to a 1.3% decline.
In terms of service volume, the financial sector led the way, providing 1.1 trillion drams (32.2% of the total), with banks accounting for the lion's share. Information and communications services ranked second, with 694 billion drams (20.1% of the total), and the telecommunications segment accounted for the bulk of the burden. Transportation ranked third, with 445.7 billion drams (12.9% of the total). Fourth place goes to the catering and tourism sector, with AMD 323.6 billion (9.4% of the total). The top five in terms of service volume is rounded out by culture, entertainment, and recreation, with AMD 237.3 billion (6.9% of the total).
Note that the average exchange rate of the dram to the US dollar in January-September 2026 was AMD 371.32/$1, and in September, AMD 363.59/$1.
