ARMENIAN GDP GROWS BY 9% IN JANUARY-MARCH 2008 ON SAME PERIOD OF LAST YEAR
Noyan Tapan
April 21, 2008
YEREVAN, APRIL 21, NOYAN TAPAN. In January-March 2008, Armenia’s GDP
grew by 9% as compared with the same months of 2007 and made 483 bln
102.9 mln drams (over 1 bln 578.3 mln USD). The GDP index-deflator
made 105.6%.
According to the RA National Statistical Service, industrial production
grew by 0.2% to 168 bln 858.5 mln drams in Armenia in January-March
2008 on the same period of 2007.
Gross agricultural output increased by 0.5% to 44 bln 799.8 mln drams,
construction – by 22.5% to 40 bln 772.8 mln drams, retail trade –
by 4.5% to 184 bln 341.6 mln drams, while services increased by 10.8%
to 123 bln 282.7 mln drams.
Foreig trade of Armenia grew by 23.6% as compared with January-March
of 2007 and amounted to 1 bln 82.9 mln USD, with exports growing by
1.6% to 234.7 mln USD, imports – by 31.5% to 848.2 mln USD.
Consumer prices rose by 7.9%, industrial production prices – by 4.3%
in January-March 2008 on the same period of 2007.
The number of officially registered unemployed declined by 12.7% in
the first quarter of 2008 on the same period of last year and made
74.7 thousand.
The average monthly nominal salary made 86.503 thousand drams (25.1%
growth), including the salary of employees of budgetary institutions –
60.618 thousand drams (17.6% growth) and the salary of employees of
nonbudgetary institutions – 109.268 thousand drams (27.4% growth). The
average exchange rate of a US dollar made 308.06 drams in January-March
2008 – against 342.08 drams in the year 2007.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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.
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