Armenian GDP 7.5 per cent up in first quarter of 2004

Armenian GDP 7.5 per cent up in first quarter of 2004

21 Apr 04


Armenia’s GDP grew by 7.5 per cent in January-March 2004 in comparison
with the same period of 2003 and totalled 223bn drams (about 400 US

In the same period, the volume of industrial production in Armenia
increased by 2.8 per cent, agricultural production by 6.2 per cent and
retail turnover by 9.5 per cent.

The GDP deflator index totalled 109.9 per cent, and consumer prices
increased by 2.2 per cent in comparison with last December.

The population’s income grew by 21.2 per cent and spending by 19 per
cent, according to the National Statistics Service. At the end of
March, there were 118,000 officially registered unemployed in Armenia.

In this period, the volume of Armenia’s foreign trade turnover
totalled 433.11m dollars, of which imports amounted to 281.25m and
exports to 151.86m dollars.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS