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Karabakh Economy Posts 15 Percent Growth

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  • Karabakh Economy Posts 15 Percent Growth

    KARABAKH ECONOMY POSTS 15 PERCENT GROWTH

    ARMENPRESS
    Aug 08 2007

    STEPANAKERT, AUGUST 8, ARMENPRESS: Nagorno-Karabakh authorities
    reported almost a 15 percent GDP growth in the first six months of
    this year. Thus, according to figures, released by the statistical
    service, the GDP grew in January-June 14.7 percent from a year ago
    to 28.7 billion Armenians Drams.

    The statistical service said import dues and taxes accounted for
    4.6 percent GDP growth, construction was responsible for 3.3 percent
    growth, industrial output growth was 3.1 percent while transport and
    communication reported 2.2 percent growth.

    Nagorno-Karabakh enterprises produced 10. 4 billion Drams industrial
    output, which was 33 percent higher from a year ago.

    Consumer goods production amounted, in terms of money, to 3.4 billion
    Drams against 2.5 billion from a year ago. Agricultural GDP was 482
    million Drams, rising 18 percent year-on-year. Construction growth
    was 50 percent, or 8.6 billion Drams.

    Foreign trade rose 72 percent to almost 40 billion Drams.

    Some 1,010 babies were born in the republic, 2.7 percent more from a
    year ago, while deaths declined 0.3 percent to 659. Also 360 marriages
    were registered and 56 divorces granted in the same time span.
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