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Armenian GDP Grows By 13.6% In Eleven Months Of 2007

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  • Armenian GDP Grows By 13.6% In Eleven Months Of 2007

    ARMENIAN GDP GROWS BY 13.6% IN ELEVEN MONTHS OF 2007

    Noyan Tapan
    Dec 24 2007

    YEREVAN, DECEMBER 24, NOYAN TAPAN. Armenian GDP grew by 13.6% in
    January-November 2007 on the same period of 2006 and made 2 trillion
    711 billion 420.7 million drams (over 7 bln 847.1 mln USD). The GDP
    index-elfalyor made 104.4%.

    According to the RA National Statistical Service, industrial production
    grew by 2.7% in January-November 2007 on the same months of 2006 and
    made 644 bln 815.6 mln drams. Industrial production without diamond
    production grew by 9,1% and made 640 bln 274.6 mln drams.

    The gross agricultural ouptut increased by 9.6% to 577 bln 596.6
    mln drams, construction - by 19% to 565 bln 279.5 mln drams, retail
    trade - by 8.9% to 764 bln 277.8 mln drams, while services - by 20.8%
    to 485 bln 677.4 mln drams.

    The foreign trade of Armenia grew by 39.1% in January-November 2007
    on the same period of last year and made 3 bln 932.5 mln USD, with
    exports growing by 21.1% to 1 bln 64 mln USD, while imports - by 47.2%
    to 2 bln 871 mln USD.

    The foreign trade turnover without diamond trade grew by 50.7% to 3
    bln 629.8 mln USD, exports - by 35.8% to 910.2 mln USD, while imports -
    by 56.4% to 2 bln 719.7 mln USD.

    Consumer prices rose by 4.2% in January-November 2007 on the same
    period of 2006, whereas industrial production prices remained
    unchanged.

    The monetary incomes of the population grew by 24.7% in the first
    eleven months of 2007 on the same period of 2006 and made 1 trillion
    772 billion 595.2 million drams, while monetary expenditures grew
    by 21.1% to 1 trillion 673 billion 310.2 million drams. The average
    monthly nominal salary made 82.093 thousand drams (20.5% growth),
    including the salary of employees of budgetary institutions - 55.064
    thousand drams (20.1% growth) and that of employees of non-budgetary
    institutions - 105.252 thousand drams (19.5% growth). The average
    exchange rate of a US dollar made 345.53 drams in January-November
    2007 and 416.04 drams in the year 2006.

    The number of the officially regastered unemployed made 75.9 thousand
    in Armenia at the end of November 2007, declining by 10.1% as compared
    with the respective index of last year.
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