ARKA News Agency, Armenia
July 5 2005
ECONOMIC GROWTH IN ARMENIA IN JAN-MAY 2005 EXCEEDS CIS COUNTRIES’
AVERAGE INDEX BY 3.5%
YEREVAN, July 5. /ARKA/. Economic growth in Armenia made 8.5% in
Jan-May 2005, compared with the same period a year earlier, exceeding
the CIS countries’ average index by 3.5%, the CIS Statistical
Committee says. The average economic growth in the CIS member
countries made 5%. Armenia ranked third following Azerbaijan with its
16% GDP and Belarus with 8.9%. Economic growth in Tajikistan is 7.5-%
economic growth, in Russia 4.8% (production in economy’s basic
sectors), Ukraine 4.7% and Kyrgyzstan 3.3%. There are no data on
Georgia, Kazakhstan and Moldova for that period. GDP in mentioned
countries rose for the 1st quarter by 7.34%, 9.14% and 8.24%
accordingly. M.V. -0–
Disclaimer: This article was contributed and translated into English by Toneyan Mark. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2005/07/07/economic-growth-in-armenia-jan-may-2005-exceeds-cis-countries-avg/