Armenia’s construction up 24.7% in January-August, half financed by organisations
Construction in Armenia totalled AMD 471.6 billion (about $1.27 billion) in January-August 2026, up 24.7% year on year. According to the Statistical Committee of Armenia, construction reached AMD 102.4 billion in August, 23.8% more than in August 2025 and 16.9% more than in July.
Half of the total (50.5%, or AMD 238.2 billion) was financed by organisations, up 30.3%. Households financed AMD 109.7 billion (23.3%, +22.4%), the state budget AMD 95.9 billion (20.3%, +8%) and communities AMD 26 billion (5.5%, +64.2%).
Construction financed by foreign investors rose 9.9-fold over the eight months to AMD 10.5 billion, of which AMD 9.8 billion came in August. Construction financed by international loans within the state budget fell 65.4% to AMD 8.5 billion.
By economic activity, more than half of the total (50.7%, or AMD 239.1 billion) went to real estate activities. Education followed with AMD 59.4 billion (12.6%), electricity, gas and steam supply with AMD 36.3 billion (7.7%), and transport and storage with AMD 35.7 billion (7.6%).
Construction and installation works amounted to AMD 443.9 billion in January-August (+26.3%) and AMD 97.5 billion in August (+25.7%).
| Source of financing | AMD billion | Share, % | Change, % |
|---|---|---|---|
| Total | 471.6 | 100 | +24.7 |
| Organisations | 238.2 | 50.5 | +30.3 |
| of which foreign investors | 10.5 | 2.2 | 9.9-fold |
| Households | 109.7 | 23.3 | +22.4 |
| State budget | 95.9 | 20.3 | +8.0 |
| of which international loans | 8.5 | 1.8 | −65.4 |
| Communities | 26.0 | 5.5 | +64.2 |
| Humanitarian aid | 1.7 | 0.4 | +74.6 |
Source: Statistical Committee of Armenia. January-August 2026, current prices. Change on January-August 2025.
