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ARMENIAN GDP GROWTH RATES ARE THE FOURTH IN CIS


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ARMENIAN GDP GROWTH RATES ARE THE FOURTH IN CIS

06.09.2001

 

/PanARMENIAN.Net/ Within the first six months of 2001 increase of Gross Domestic Product in Armenia made 6.6% compared to the same period last year. The indicator of Armenia is the fourth in CIS countries. Kazakhstan is leading in GDP growth rates (14%). Moldova is the last (2.6%).

 

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ARMENIAN ECONOMY EXPANDS 7.7% IN JAN-AUG

 

9/21/2001

Armenian GDP grew 7.7% year-on-year in the first eight months of this year and measured 611.4 billion dram, the national statistics service reported. GDP in August was up 19.5% from the previous month

Industrial production rose 2.3% year-on-year to 190.6 billion dram in the eight months, and was up 7.1% in August from the previous month.

 

The foreign trade turnover edged up 0.5% to $759.2 million in the eight months, as exports rose

 

12% to $213.7 million while imports slumped 3.4% to $545.5 million.

 

The number of registered unemployed fell 12.1% to 143,900 at the end of August. The average monthly wage was 22,724 dram in the eight months, up 12.4% year-on-year.

 

The official exchange rate was 553.93 dram/$1 on September 20.

 

Copyright © 2001 by Interfax International, Ltd

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