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Armenia posts unimpressive economic results

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  • Armenia posts unimpressive economic results

    RIA Novosti, Russia
    Jan 5 2005

    ARMENIA POSTS UNIMPRESSIVE ECONOMIC RESULTS


    YEREVAN, January 5 (RIA Novosti's Gamlet Matevosyan ) - Armenia
    chalked up a $1,900,000,000 trade turnover over the January-November
    2004 period, exceeding similar 2003 levels by 4.5 percent.

    Meanwhile the national statistical service estimates that exports and
    imports totaled $645,900,000 and $1,219,300,000, respectively.

    The country also posted a $573.4-million foreign-trade deficit over
    the January-November 2004 period.

    One dollar cost an average of 537 drams over the January-November
    2004 period.

    Average wages totaled 41,168 drams ($76.6) throughout that period, a
    28.7-percent increase on similar 2003 levels.

    Public-sector wages soared by 36.4 percent on the January-November
    2003 period, totaling 25,840 drams, what with private-sector wages
    increasing by 25.4 percent (53,867 drams).

    At the same time, minimal food-basket prices were 30,278 drams
    ($56.3) per month.

    As of late November 2004, Armenia had 109,600 officially registered
    jobless persons, an 8.7-percent decline on November 2003 levels.
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