ARMENIAN GDP FALLS BY 18.3% IN JANUARY-SEPTEMBER 2009 ON SAME PERIOD OF 2008
Noyan Tapan
Oct 20, 2009
YEREVAN, OCTOBER 20, NOYAN TAPAN. Armenia’s GDP fell by 18.3% in
January-September 2009 on the same period of 2008 and amounted to
2 trillion 123 billion 218 million drams. The index-deflator of GDP
made 0.2%.
According to the RA National Statistical Service, industrial production
declined by 11.4% to 459bn 694.6m drams in January-September 2009 on
the same months of last year.
The gross agricultural output fell by 1.3% to 407bn 864.1m drams,
construction volumes declined by 43.8% to 364bn 646.9m drams, retail
trade grew by 0.8% to 697bn 636m drams, and services declined by 1.2%
to 533bn 181.5m drams.
The foreign trade of Armenia dropped by 30.7% as compared with
January-September 2008 and amounted to 2bn 732.3m USD, with exports
declining by 41.5% to 480.7m USD and imports falling by 27.9% to 2bn
251.6m USD.
Consumer prices rose by 2.9%, industrial production prices by 0.8%
in January-September 2009 on the same period of 2008.
The number of the officially registered unemployed increased by 10.3%
and made 83.1 thousand in late September 2009 as compared with the
same month of last year.
The average monthly nominal salary amounted to 98,369 drams in
January-September 2009 (12% growth as compared with January-September
2008), including the average salary of 81,788 drams in the state sector
(16.9% growth) and the average salary of 122,177 drams in the private
sector (8.3% growth).
The average exchange rate of one US dollar made 355.45 drams in
January-September 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.
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