DOUBLE-DIGIT GROWTH CONTINUES
ARMENPRESS
Dec 21, 2007
YEREVAN, DECEMBER 21, ARMENPRESS: Armenia’s economy continued its
double-digit growth and according to the country’s statistical service,
it rose 13.6 percent in January-November.
The highest growth rates was again reported by construction and
services sectors – 19% and 20.8% respectively.
The industrial growth was lower-2.7% only, but experts say the figure
is stable with a slight growth trend seen in November.
Power generation not counted, the industrial growth was 1.7%, and
diamond cutting excluded it was 9.1%.
Agriculture growth was 9.6% and retail trade grew by 8,9%.
Foreign trade grew 39.1%, to almost $4 billion.
Exports from Armenia made $1.6 billion, 21.% more from a year
before. The volume of imports to Armenia rose to $2.871 billion,
47.2% up from a year before.
The negative trade balance grew to $1.810 billion.
In January-November 2007 the average monthly salary in Armenia was
82,000 Drams. In public sector it was 55,000 AMD and 105,000 in
private sector. Salary grew 20.5%, from a year before.