RIA Novosti, Russia
January 26, 2007
Armenia reports 13.4% y-o-y GDP growth in 2006
YEREVAN, January 26 (RIA Novosti) – Armenia’s gross domestic product
grew 13.4% year-on-year to $6.4 billion in 2006, the country’s
national statistics agency said Friday.
In December 2006, GDP increased 42.5% on November.
According to the South Caucasus nation’s state budget, last year’s
GDP growth was projected at 7.5%, while the Central Bank had put the
figure at 10%.
Industrial output slipped 0.9% to $1.547 billion in 2006, while
agricultural production edged up 0.4% to $1.336 billion.
Year-end inflation was 5.2%, 2.2 points above the budget target.
Foreign trade turnover totaled $3.198 billion, a 15.2% increase
year-on-year. The trade deficit amounted to $190.3 million, with
exports at $1.4 billion and imports aggregating $2.2 billion.
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