16.3% ECONOMIC DECLINE RECORDED IN ARMENIA WITH AVERAGE GDP GROWTH IN CIS AT 9% IN H1
ARKA
Aug 4, 2009
YEREVAN, August 4. /ARKA/. Gross Domestic Product (GDP) (in fixed
prices) fell by 16.3% in Armenia in the first half of this year as
compared with the same period of 2008.
The Statistical Committee of the Commonwealth of Independent States
(CIS) reports that GDP reduction averaged 9% in CIS countries in
the reporting period against the first half of 2008. According to
the statistical information, Armenia recorded the lowest economic
decline among CIS countries.
Improvement and deterioration of macroeconomic situation was seen in
the CIS in the first half of 2009.
According to CIS Statistical Committee, the highest economic growth in
the period was recorded in Uzbekistan (8.2%) followed by Azerbaijan
(3.6%) and Tajikistan (2.8%). Economic growth was 0.3% in Belarus
and Kyrgyzstan in the first half of the year. Economic decline as
per main economic activity types was recorded in Kazakhstan (4.1%)
and Russia (13.4%).
According to the report, GDP fell by 5.9% in Georgia, 6.9% in Moldova,
and 20.3% in Ukraine in the first quarter of this year as compared
with the same period of 2008.
No information is available on Turkmenistan.