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Armenian Economic Growth - 9.8%

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  • Armenian Economic Growth - 9.8%

    ARMENIAN ECONOMIC GROWTH - 9,8 PERCENT

    AZG Armenian Daily
    24/06/2008

    Economy

    Export volumes almost unchanged

    According to the National Statistical Service of the Republic of
    Armenia, the Armenian economic growth of January-May of this year
    is 9,8 percent compared with the same period of last year. It became
    one-digit only after February of this year conditioned by disorders
    of post-election period.

    Gross domestic product was 982 billion drams.

    Construction continues to record the highest growth - 14,9 percent.

    Volume of industrial output recorded a little fall - 0,4 percent,
    without energy - 1,4 percent.

    Production of electric energy rose by 2,3 percent.

    Volume of gross agricultural output increased by 1,9 percent in
    January-May.

    Indexes recorded in the sphere of services are the second after
    construction as they increased by 10,6 percent.

    Growth in retail trade turnover was 4,3 percent.

    External trade turnover rose by 29,6 percent to 1 billion 982 million
    dollars.

    Export volumes increased by 0,2 percent to 422 million dollars.

    Import rose by 40,8 percent to 1 billion 138 million dollars.

    Average monthly wage in Armenia was 87 thousand drams in March, in
    private sector - 109 thousand drams, in public sector - 61 thousand
    drams.

    Average rise in wages compared with the same period of last year was
    22,9 percent.

    From: Emil Lazarian | Ararat NewsPress
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