YEREVAN. /АРКА/. The cumulative growth of economic activity in Arme- nia from January to October 2025 has reached 8.1% on an annual basis, con- tinuing to exceed initial forecasts, as reported in the World Bank’s “Arme- nia Monthly Economic Update – No- vember 2025” report. The report highlights that in Octo- ber, the growth rate of economic activ- ity remained in double digits, register- ing at 10.1% (annualized), down from 11.1% in September. “This increase was driven by the industrial sector, which grew by 17.9% in October, with the mining and processing industries accelerating to 15.9% and 20.8%, respectively (com- pared to 1.8% and 12.1% in Septem- ber). The significant growth in the pro- cessing industry was largely attributed to a 2.3-fold rise in the production of non-ferrous metals,” the report states. Additionally, it is noted that the construction sector maintained a high growth rate of 20.1%, while the ser- vice sector (excluding trade) expanded by 12.8%, up from 9.9% in September. The wholesale and retail trade activ- ity stabilized at 1% after experiencing rapid growth in 2024. WB analysts point out that the number of registered enterprises, par- ticularly individual entrepreneurs, was notably high in October for the second consecutive month, exceeding the av- erage figures for January-August 2025 by 25%. The economic growth forecast for Armenia in the state budget for 2025 is set at 5.1%, with a projection of 5.4% for 2026. According to the Central Bank, GDP growth is anticipated to be between 5.9% and 5.9% by the end of 2025.