Net foreign investment inflows into Armenia triple in first half

Net foreign investment flows into Armenia’s real sector reached AMD 145.2 billion (about $388 million) in January-June 2026, against AMD 48 billion a year earlier. According to the Statistical Committee of Armenia, net direct investment flows amounted to AMD 113.5 billion, against AMD 3.9 billion.

Net flows are the difference between receipts and repayments on investments. The total includes direct, portfolio and other investment, including loans and borrowings.

The largest net inflows came from the United Arab Emirates, AMD 82.4 billion, of which AMD 6.2 billion was direct investment, and from Russia, AMD 70.7 billion, of which AMD 53.5 billion was direct. A year earlier, net flows with Russia were negative at minus AMD 55.9 billion. Net inflows from Luxembourg totalled AMD 27 billion.

Net flows with the United States were negative at minus AMD 68.9 billion, although net direct investment reached AMD 18.1 billion. Flows with Kazakhstan (minus AMD 8.9 billion) and Singapore (minus AMD 4.6 billion) were also negative.

By activity, the largest net inflows went to metal ore mining, AMD 38.2 billion (direct investment AMD 63.6 billion), wholesale trade, AMD 29.8 billion, software development and computer consultancy, AMD 23.9 billion (AMD 1.6 billion a year earlier), retail trade, AMD 19.9 billion, and air transport, AMD 15.8 billion.

The largest net outflows were recorded in other manufacturing not elsewhere classified (minus AMD 46.4 billion), tobacco products (minus AMD 32.2 billion), head office activities (minus AMD 12.7 billion) and electricity, gas and steam supply (minus AMD 12.3 billion).

Source: Statistical Committee of Armenia. Net flows, AMD billion. “Other countries” includes Central Bank of Armenia adjustments.