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Armenia GDP grows 13%, foreign trade up 15% in 2006

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  • Armenia GDP grows 13%, foreign trade up 15% in 2006

    Interfax, Russia
    Feb 1 2007

    Armenia GDP grows 13%, foreign trade up 15% in 2006


    YEREVAN. Feb 1 (Interfax) - The Armenian economy grew 13.4% in 2006
    to 2.665 trillion dram, or $6.4 billion, a source in the National
    Statistics Service told Interfax.

    The volume of construction increased 37.1% to 623.1 billion dram, or
    $1.5 billion, which was behind the growth in GDP.

    Industrial output fell 0.9% to 644 billion dram. The generation of
    electricity fell 5.9% to 5.941 billion kilowatt-hours.

    Retail trade grew 10.5% to 820.8 billion dram.

    Foreign trade increased 15.2% to 1.314 trillion dram, or $3.198
    billion.
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