Armenia’s GDP expands 9.1% in H1

Interfax
July 23 2004
Armenia’s GDP expands 9.1% in H1
Yerevan. (Interfax) – Armenia’s gross domestic product expanded 9.1%
to 500.036 billion dram year-on-year in the first half of 2004, the
National Statistics Service told Interfax.
Industrial output reached 242.768 billion dram, up 4.5% year-on-
year.
Armenia’s trade turnover for the six months was up 4.9% to over 539
billion dram ($965 million). Exports came to 190.8 billion dram ($340
million) and imports to 348.5 billion dram ($625.1 million), for a
trade deficit of 157.7 billion dram ($285.1 million).
The country’s trade turnover increased 30.5% in 2003 to $1.948
billion. Exports increased 34.2% to $678.1 million and imports 28.6%
to $1.269 billion, for a trade deficit of $591.3 million ($535.4
million in 2002).
The official exchange rate for July 22: 515.99 dram/$1.