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ARMENIAN ECONOMIC GROWTH - 9,2 PERCENT


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#1 MosJan

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Posted 22 November 2008 - 01:54 PM

ARMENIAN ECONOMIC GROWTH - 9,2 PERCENT
  • According to the operative data of the National Statistical Service of Armenia, Armenian economic growth was 9,2 percent in January - October of this year compared with the same period of last year.

    GDP exceeded AMD 3 trillion.

    It's worth to mention that the economic growth was within the limits of 10 percent during the whole year besides spring months.

    The rate of growth has been decreased in the spheres of construction and services during the last years, though they recorded the highest indexes of growth before.

    Growth in construction was 6,9 percent, services - 13,3 percent.

    The volume of construction decreased by about 41 percent in October compared with September.

    Fortunately, the rate of growth in industry has increased. 4 percent of growth has been recorded here in January - October of this year.

    Volume of industrial output increased by 2,5 percent (without electric energy production). The latter increased by 5,8 percent.

    Gross agricultural output increased by 1,8 percent in January-October, retail trade turnover - 7,9 percent.

    Foreign trade turnover increased by 31,5 percent to USD 4 billion 520 million. Export volume rose a little (0,9 percent) to USD 941 million.

    Import increased by 42,8 percent to USD 3 billion 579 million.

    The negative balance of export-import was USD 2 billion 638 million. Cars, equipments continue to remain dominant in import.

    Medium monthly wage was AMD 89 thousand in August; in the private sector - AMD 110 thousand, in the public sector - AMD 63 thousand.

    The average growth in the wages was 19,8 percent compared with the same period of last year.
  • By Ara Martirosian, translated by L.H.





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