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Armenian GDP Grows By 12.1% In January-July 2007 On Same Period Of L

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  • Armenian GDP Grows By 12.1% In January-July 2007 On Same Period Of L

    ARMENIAN GDP GROWS BY 12.1% IN JANUARY-JULY 2007 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    Aug 20, 2007

    YEREVAN, AUGUST 20, NOYAN TAPAN. In January-July 2007, Armenia's GDP
    grew by 12.1% on the same period of last year and made 1 trillion
    287 billion 363 million drams (about 3 bln 635.8 mln dollars). The
    GDP index-deflator made 104.3%.

    According to the RA National Statistical Service, industrial production
    grew by 1.3% in January-July 2007 on the same months of last year
    and made 388 bln 117 mln drams. Industrial production without diamond
    production grew by 8.7% to 384 bln 997.7 mln drams.

    The gross agricultural output increased by 2.2% to 211 bln 856.1 mln
    drams, construction - by 19.2% to 253 bln 976.5 mln drams, retail
    trade - by 10.8% to 434 bln 485.4 mln drams, while services grew by
    17.9% to 286 bln 118 mln drams.

    The foreign trade of Armenia grew by 37% on January-July 2006 and made
    2 bln 262.9 mln USD, with exports growing by 20.8% to 631.1 mln USD,
    imports - by 44.5% to 1 bln 631.8 mln USD. The foreign trdae without
    diamond trade grew by 50.1% to 2 bln 69.7 mln USD, exports - by 39.4%
    to 538.3 mln USD, imports - by 54.2% to 1 bln 531.4 mln USD.

    Consumer prices rose by 4.2% in January-July 2007 on the same period
    of 2006, whereas prices of industrial production fell by 1.2%.

    Monetary incomes of the population increased by 26.6% in the first
    seven months of 2007 as compared with the same period of last year and
    amounted to 1 trillion 39 billion 164.7 million drams, expenditurs grew
    by 23.3% to 999 bln 981.8 mln drams. The average monthly nominal salary
    made 72.249 thousand drams (19.8% growth), including that of employees
    of budgetary institutions - 53.23 thousand drams (21.7% growth) and
    of employees of non-budgetary institutions - 90.17 thousand drams
    (19.4% growth). The average exchange rate of US dollar made 354.08
    drams in January-July of this year and 416.04 in the year 2006.

    The number of oficially registered unemployed made 83.1 thousand in
    Armenia as of late July 2007, declining by 7% as compared with the
    respective index of last year.
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