Armenia’s GDP Up 11.7% In Jan-Aug 2005

ARMENIA’S GDP UP 11.7% IN JAN-AUG 2005

RIA Novosti, Russia
Oct 3 2005

YEREVAN, October 3 (RIA Novosti, Gamlet Matevosyan) – Armenia’s GDP in
January-August grew 11.7% year on year to $2.5 billion, a government
official said Monday.

According to the National Statistics Service, per capita GDP for the
period was $784.

Armenia’s H1 industrial output grew 6.2% to $906.5 million and
agricultural output increased by 11.8% to $550.5 million.

Estimated GDP annual growth rate is 8% and inflation, 3%.

The country’s H1 trade turnover was almost $1.7 billion, a 31.4%
increase year on year.

The average monthly salary in January-August was $109, up 23.6%
compared with the same period last year.

Unemployment fell by 1.1% to 124,300 jobless.

From: Emil Lazarian | Ararat NewsPress