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Macroeconomic Indicators Down In Armenia

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  • Macroeconomic Indicators Down In Armenia

    MACROECONOMIC INDICATORS DOWN IN ARMENIA

    Information-Analytic Agency NEWS.am
    Sept 18 2009
    Armenia

    The RA Statistical Service has published the macroeconomic indicators
    of Armenia.

    According to the report, an 18.4% economic decline was recorded
    in the country this January-August. Armenia's GDP totaled 1,716.8m
    AMD GDP, and the number of unemployed reached 83,800 (an increase
    of 10.8%). All the economic sectors recorded a decrease in output,
    with a considerable decline recorded in the construction sector -
    52.6%. In the other sectors the situation was as follows: industry
    (11.9%); services (1.4%); agriculture (1.5%).

    This January-April, Armenia's foreign trade turnover showed a decrease
    of 29.9%, with a 41.1% decrease in exports and 27% decrease in imports.
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