Forecast
Forward projections from the prediction engine — baseline plus an optimistic/pessimistic band and a confidence interval, per macro indicator. These are PROJECTIONS, not observations: generated from observed history, never a guarantee. A country we hold no projections for is shown honestly.
Forecast
Need it as JSON? GET /api/v1/forecast/country/{iso3}.
Armenia: forward projections across 15 macro indicators, horizons 2026, 2028, 2030, 2035. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.
Nowcast
Each indicator nowcast from its strongest leading series — inferable from observations already in hand.
For each indicator, Armenia's strongest leading series is fit by ordinary least squares over their shared observed history, then the leader's already-observed recent values project the target — so the next year or two is inferable from data already in hand. These are nowcasts from a leading correlation: correlation, not causation, and not a guaranteed forecast.
Led by Real GDP growth by 1 year (it moves inversely tothe target; r = -0.754 over 33 obs).
| Year | Nowcast | Implied by Real GDP growth in |
|---|---|---|
| 2026 | 36.83 | 2025 (7.2) |
Latest observed-8.2(2026)· IMF DataMapper API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | -8.72 | -3.93 | -13.51 | -9.83 – -7.6 |
| 2028 | -8.75 | -0.46 | -17.05 | -10.87 – -6.64 |
| 2030 | -8.79 | 1.92 | -19.5 | -11.68 – -5.9 |
| 2035 | -8.88 | 6.27 | -24.03 | -13.39 – -4.37 |
Blended 1-yr-ahead-7.34· skill-weighted across models
Track record±0.52typical miss · 1 realized · 6% MAPE
Method: linear_trend; lookback 8y; horizon 1y; confidence 80%
Latest observed48.1(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 51.99 | 80.93 | 26.9 | 47.02 – 56.95 |
| 2028 | 59.76 | 109.89 | 16.31 | 49.73 – 69.79 |
| 2030 | 67.53 | 132.25 | 11.44 | 52.88 – 82.18 |
| 2035 | 86.96 | 150 | 7.63 | 59.97 – 113.95 |
Blended 1-yr-ahead48.84· skill-weighted across models
Track record±30.16typical miss · 1 realized · 63% MAPE
Method: linear_trend; lookback 8y; horizon 1y; confidence 80%
Latest observed29.2bn(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 31.5bn | 36bn | 27.7bn | 30.5bn – 32.6bn |
| 2028 | 37.3bn | 45bn | 30.7bn | 34.6bn – 40.1bn |
| 2030 | 43.1bn | 53bn | 34.6bn | 38.2bn – 48bn |
| 2035 | 57.7bn | 71.6bn | 45.5bn | 45.7bn – 69.6bn |
Blended 1-yr-ahead35.8bn· skill-weighted across models
Track record±1.4bntypical miss · 1 realized · 4% MAPE
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed7.2(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 7.5 | 12 | -4.01 | 5.16 – 9.83 |
| 2028 | 8.29 | 12 | -10 | 4.06 – 12 |
| 2030 | 9.09 | 12 | -10 | 3.41 – 12 |
| 2035 | 11.07 | 12 | -10 | 2.31 – 12 |
Blended 1-yr-ahead5.07· skill-weighted across models
Track record±2typical miss · 1 realized · 36% MAPE
Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%
Latest observed9.5k(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 10.2k | 11.6k | 8.9k | 9.8k – 10.5k |
| 2028 | 11.9k | 14.5k | 9.7k | 11k – 12.8k |
| 2030 | 13.7k | 17k | 10.8k | 12.1k – 15.2k |
| 2035 | 18.1k | 22.8k | 14k | 14.3k – 21.8k |
Blended 1-yr-ahead11.5k· skill-weighted across models
Track record±508.09typical miss · 1 realized · 5% MAPE
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed48.1(2026)· IMF DataMapper API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 45.54 | 58.85 | 30.19 | 42.76 – 48.32 |
| 2028 | 42.82 | 65.87 | 16.23 | 37.22 – 48.42 |
| 2030 | 40.1 | 69.86 | 5.77 | 32.32 – 47.89 |
| 2035 | 33.31 | 75.39 | 0 | 21.5 – 45.11 |
Blended 1-yr-ahead47.41· skill-weighted across models
Track record±2.56typical miss · 1 realized · 5% MAPE
Method: linear_trend; lookback 10y; horizon 1y; confidence 80%
Latest observed53.61(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 55.79 | 80.99 | 30.6 | 51.05 – 60.54 |
| 2028 | 60.17 | 103.81 | 16.53 | 50.6 – 69.74 |
| 2030 | 64.55 | 120.88 | 8.21 | 50.76 – 78.33 |
| 2035 | 75.49 | 150 | 0 | 51.21 – 99.76 |
Blended 1-yr-ahead47.26· skill-weighted across models
Track record±25.6typical miss · 1 realized · 48% MAPE
Method: linear_trend; lookback 8y; horizon 1y; confidence 80%
Latest observed3.31(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 4.83 | 13.6 | -4.57 | 2.81 – 6.85 |
| 2028 | 9.08 | 24.28 | -5 | 5.28 – 12.89 |
| 2030 | 13.33 | 32.96 | -5 | 7.92 – 18.75 |
| 2035 | 23.97 | 50 | -5 | 13.98 – 33.95 |
Blended 1-yr-ahead4.42· skill-weighted across models
Track record±0.23typical miss · 1 realized · 5% MAPE
Method: exponential_smoothing; lookback 6y; horizon 1y; confidence 80%
Latest observed21.42(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 21.75 | 24.75 | 19.16 | 20.98 – 22.53 |
| 2028 | 22.69 | 27.87 | 18.2 | 20.86 – 24.52 |
| 2030 | 23.63 | 30.32 | 17.83 | 20.78 – 26.47 |
| 2035 | 25.97 | 35.43 | 17.77 | 20.46 – 31.47 |
Blended 1-yr-ahead21.86· skill-weighted across models
Track record±0.12typical miss · 1 realized · 1% MAPE
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed3.1m(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 3.1m | 3.2m | 2.9m | 3m – 3.2m |
| 2028 | 3.1m | 3.3m | 3m | 2.9m – 3.4m |
| 2030 | 3.2m | 3.3m | 3.1m | 2.8m – 3.6m |
| 2035 | 3.3m | 3.5m | 3.2m | 2.6m – 4m |
Blended 1-yr-ahead3.1m· skill-weighted across models
Track record±14.8ktypical miss · 1 realized · 0% MAPE
Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%
Latest observed6.53(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 5.15 | 15 | -10 | 1.47 – 8.83 |
| 2028 | 2.67 | 15 | -10 | -3.69 – 9.03 |
| 2030 | 0.19 | 15 | -10 | -7.93 – 8.31 |
| 2035 | -6.01 | 15 | -10 | -10 – 6.33 |
Blended 1-yr-ahead6.75· skill-weighted across models
Track record±3.46typical miss · 1 realized · 53% MAPE
Method: weighted_composite; lookback 7y; horizon 1y; confidence 80%
Latest observed5.1bn(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 5.3bn | 6.5bn | 4.1bn | 5bn – 5.6bn |
| 2028 | 5.9bn | 8bn | 3.8bn | 5.3bn – 6.5bn |
| 2030 | 6.6bn | 9.2bn | 3.9bn | 5.6bn – 7.5bn |
| 2035 | 8.1bn | 11.9bn | 4.3bn | 6.2bn – 10bn |
Blended 1-yr-ahead5.4bn· skill-weighted across models
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed3.32(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 3.54 | 5.54 | 1.53 | 3.18 – 3.9 |
| 2028 | 3.8 | 7.27 | 0.33 | 3.08 – 4.51 |
| 2030 | 3.92 | 8.41 | 0 | 2.92 – 4.92 |
| 2035 | 4.03 | 10.36 | 0 | 2.41 – 5.64 |
Blended 1-yr-ahead3.23· skill-weighted across models
Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%
Latest observed5.1bn(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 5.3bn | 6.5bn | 4.1bn | 5bn – 5.6bn |
| 2028 | 5.9bn | 8bn | 3.8bn | 5.3bn – 6.5bn |
| 2030 | 6.6bn | 9.2bn | 3.9bn | 5.6bn – 7.5bn |
| 2035 | 8.1bn | 11.9bn | 4.3bn | 6.2bn – 10bn |
Blended 1-yr-ahead5.4bn· skill-weighted across models
Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%
Latest observed12.87(2025)· World Bank Indicators API
| Year | Baseline | Optimistic | Pessimistic | Conf. band |
|---|---|---|---|---|
| 2026 | 11.82 | 14.15 | 9.49 | 11.27 – 12.37 |
| 2028 | 9.72 | 13.76 | 5.68 | 8.64 – 10.81 |
| 2030 | 7.62 | 12.83 | 2.4 | 6.21 – 9.03 |
| 2035 | 2.37 | 9.74 | 0 | 0.86 – 3.88 |
Blended 1-yr-ahead12.57· skill-weighted across models
Track record±0.98typical miss · 1 realized · 8% MAPE
Method: linear_trend; lookback 6y; horizon 1y; confidence 80%
Reliability badges show each indicator's best model skill— how much it beats a naive last-value forecast, measured out-of-sample on that series' own observed history (backtested one-step-ahead). A track record, not a guarantee of future accuracy.
Generated by the prediction engine (model prediction-engine-v1) on 2026-10-31 from observed history. Projections, not observations — never a guarantee of future values.
Machine-readable: GET /api/v1/forecast/country/ARM · Country page → · Full brief → · API docs
Fit: CPI inflation ≈ 486.8042 + -62.4964·Real GDP growth. Correlation, not causation.
Led by Unemployment by 3 years (it moves withthe target; r = 0.651 over 32 obs).
| Year | Nowcast | Implied by Unemployment in |
|---|---|---|
| 2026 | 8.9bn | 2023 (12.41) |
| 2027 | 8.9bn | 2024 (12.41) |
| 2028 | 9.3bn | 2025 (12.87) |
Fit: GDP (current US$) ≈ -2690966590.0558 + 935135014.8606·Unemployment. Correlation, not causation.
Led by GDP (current US$) by 3 years (it moves withthe target; r = 0.645 over 33 obs).
| Year | Nowcast | Implied by GDP (current US$) in |
|---|---|---|
| 2026 | 22.66 | 2023 (24.2bn) |
| 2027 | 23.59 | 2024 (26bn) |
| 2028 | 25.32 | 2025 (29.2bn) |
Fit: Unemployment ≈ 9.919 + 0·GDP (current US$). Correlation, not causation.
Led by GDP (current US$) by 3 years (it moves withthe target; r = 0.599 over 30 obs).
| Year | Nowcast | Implied by GDP (current US$) in |
|---|---|---|
| 2026 | 67.21 | 2023 (24.2bn) |
| 2027 | 69.84 | 2024 (26bn) |
| 2028 | 74.74 | 2025 (29.2bn) |
Fit: Govt debt / GDP ≈ 31.1913 + 0·GDP (current US$). Correlation, not causation.
Machine-readable: GET /api/v1/nowcast/country/ARM?indicator= · API docs
