Gross fixed assets up in Armenia - minister

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.