Armenian GDP up 7.3% in Jan-Feb

March 22 2004

Armenian GDP up 7.3% in Jan-Feb

Yerevan. (Interfax) – Armenian GDP increased 7.3% to 134.043 million
dram in January-February 2004, a source in the National Statistics
Service told Interfax.

Industrial production fell 5.5% year-on-year in the same period.

Armenia’s foreign trade deficit in the first two months amounted to
$79.8 million. Exports amounted to $84.8 million, with imports of
$164.6 million. Foreign trade turnover amounted to $249.4 million.

GDP in Armenia in 2003 increased 13.9% to 1.618 trillion dram, with
industrial production up 14.9% to 425.3 billion dram.

The official exchange rate on March 19 was 562.67 dram to the dollar.