RosBusinessConsulting, Russia –
Jan 31, 2005
Armenian GDP enjoys growth
RBC, 31.01.2005, Erevan 17:32:05.The Armenian economy expanded
10.1 percent to USD3.5bn in 2004, the National Statistics Service of
the republic reported. Its GDP grew 17.8 percent in December. The
annual increase in GDP is due to a 17.2-percent growth of the
construction sector, a 16.8-percent jump in personal income, a
14.5-percent expansion in the agricultural sector. Industrial
production was 2.1 percent higher. Electrical energy production
advanced 9.5 percent. Armenia boosted its foreign trade by 5.1
percent to USD2.1bn. Retail trade advanced 10.5 percent. Personal
expenditures were 16.5 percent higher.
The December GDP jump is due to personal income being swollen
by 91.4 percent from November. Personal spending showed a
78.8-percent monthly growth.
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