Armenia’s corporate bond market grew more than 4.4 times between 2018 and 2025, reaching 664 billion drams in volume, according to Economy Minister Gevorg Papoyan.
In 2018, the market volume stood at 150 billion drams.
Papoyan noted that trading volume in the market also increased during this period by approximately 3.8 times.
“The stock market also saw notable development from 2018 to 2025, growing from 145 billion drams in 2018 to 467 billion drams in 2025, an increase of 3.2 times,” he wrote.





