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Armenian GDP Grows By 10.3% In January-August 2008 On Same Period Of

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  • Armenian GDP Grows By 10.3% In January-August 2008 On Same Period Of

    ARMENIAN GDP GROWS BY 10.3% IN JANUARY-AUGUST 2008 ON SAME PERIOD OF 2007

    Noyan Tapan
    http://www.nt.am/news.php?shownews=117581
    Se p 19, 2008

    YEREVAN, SEPTEMBER 19, NOYAN TAPAN. Armenian GDP grew by 10.3% in
    January-August 2008 on the same period of 2007 and made 2 trillion
    164 billion 567.8 million drams (about 7 bln 68.44 mln USD). The GDP
    index-deflator made 109.6%.

    According to the RA National Statistical Service, industrial production
    grew by 2.2% in Armenia in January-August 2008 on the same months of
    last year and made 496 bln 157 mln drams.

    The gross agricultural output increased by 7.8% to 347 bln 380.2 mln
    drams, construction - by 12.8% to 465 bln 849.6 mln drams, retail
    trade - by 6.3% to 593 bln 639.2 mln drams, and services grew by 15.1%
    to 453 bln 999.3 mln drams.

    The foreign trade of Armenia increased by 24.8% in the indicated
    period as compared with January-August 2007 and amounted to 3 billion
    308.9 million USD, with exports declining by 4.8% to 696.8 mln USD,
    while imports growing by 36% to 2 bln 612.1 mln USD.

    Consumer prices rose by 9.5%, industrial production prices by 6%
    in January-August 2008 on January-August 2007.

    The number of officially registered unemployed persons declined by 7.8%
    in late Augsut 2008 as compared with late August 2007 and made 75,600.

    The average monthly nominal salary made 88,983 drams in the first
    eight months of 2008 (21.2% growth on the same period of last year),
    including salary of employees of budgetary institutions - 62,721 drams
    (17.8% growth) and that of employees of nonbudgetary institutions -
    110,154 drams (20.1% growth). The average exchange rate of the US
    dollar made 306.23 drams in January-August of this year (in 2007 this
    index made 342.08 drams).
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