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Armenian GDP Grows 5.5% In Q1

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  • Armenian GDP Grows 5.5% In Q1

    ARMENIAN GDP GROWS 5.5% IN Q1

    Interfax
    April 20 2010
    Russia

    Armenia's GDP grew 5.5% in the first quarter of 2010 compared with
    the same quarter last year, to 568.1 billion dram or $1.5 billion,
    the national statistics service said.

    Economic output in industry rose 10.4% to 177.5 billion dram and
    agricultural output rose 3.2% to 42.5 billion dram. Output in the
    construction sector declined 0.6% to 47 billion dram.

    Electricity generation increased 9.8% to 1.584 billion kWh.

    Trade turnover was up 29% to $1.013 billion, including a 60.9%
    increase in exports to $198.5 million and a 23.1% increase in imports
    to $814.2 million.
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