World Bank2025-11-212025-11-212025-11-20https://hdl.handle.net/10986/44008This Country Economic Update (CEU) is the first in a regular series of reports dedicated to monitoring socioeconomic developments and to fostering informed dialogue on economic policies and prospects. Armenia CEUs aim to offer regular, comprehensive, and concise analysis of recent economic developments and the country’s economic outlook, together with discussion on selected, critical structural challenges that require attention by policy makers. The 2025 CEU update comes at a pivotal moment for Armenia. Post-COVID-19 pandemic, the country has experienced rapid growth yet is still faced with structural challenges such as limited economic diversification heightening exposure to shocks; limited competition, stifling innovation; and declining investment. All demand bold policy action. This report highlights Armenia’s resilience and potential––and offers actionable insights for policymakers and stakeholders in an effort to foster inclusive growth and address barriers to competition.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHECONOMIC DEVELOPMENTECONOMIC POLICIESMARKET STRUCTURESCOMPETITIONReportWorld Bank