ARMENIA’S GDP DECLINES BY 18.4% IN JANUARY-AUGUST 2009 ON SAME PERIOD OF 2008
NOYAN TAPAN
SEPTEMBER 22, 2009
YEREVAN
Armenia’s GDP declined by 18.4% in January-August 2009 on the same
period of last year and made 1 trillion 761 billion 874 million drams
(about 4,987.1 million USD). The index-deflator of GDP made 100.2%.
According to the RA National Statistical Service, industrial production
fell by 11.9% to 393bn 825.9m drams in January-August 2009 on the
same months of 2008.
The gross agricultural output declined by 1.5% to 281bn 546.7m drams,
construction volumes fell by 52.6% to 242bn 219.5m drams, retail trade
grew by 0.3% to 596bn 127.2m drams, while services declined by 1.4%
to 467bn 441.8m drams.
The foreign trade of Armenia dropped by 29.1% as compared with
January-August 2008 and amounted to 2bn 360.4m USD, with exports
declining by 41.1% to 408.9m USD and imports declining by 27% to 1bn
951.5m USD.
Consumer prices rose by 2.8%, industrial production prices fell by 0.5%
in January-August 2009 on the same period of 2008.
The number of the officially registered unemployed increased by 10.8%
in late August compared to the same month of last year and made
83.8 thousand.
The average monthly nominal salary amounted to 99,061 drams in
January-June 2009 (12.3% growth on the same months of 2008), including
the salary of 82.026 drams in the state sector (18.2% growth) and
the salary of 123,620 drams in the non-state sector (7.3% growth).
The average exchange rate of one US dollar amounted to 353.29 drams
in January-April 2009.
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.
Direct link to this article: https://www.armenianclub.com/2009/09/23/armenias-gdp-declines-by-18-4-in-january-august-2009-on-same-perio/
