ARMENIAN ECONOMY GROWS 9.3% IN JAN-APRIL
Interfax News Agency
June 2 2008
Russia
Armenia’s GDP grew 9.3% year-on-year in the first four months of 2008,
and measured 696.1 billion dram ($2.3 billion), the National Statistics
Service reported.
The construction sector expanded 16.8% to 71.1 billion dram, and
the service sector grew 11.2% to 172 billion dram, while industrial
production edged up 0.1% to 227 billion dram.
The country increased electricity production by 3.9% to 2.145
billion kWh.
The foreign trade turnover grew 28.3% year-on-year to 472.3 billion
dram ($1.531 billion) in the four months, as exports rose 4.4% to
104 billion dram ($337.2 million) and imports jumped 37.2% to 368.3
billion dram ($1.194 billion).
The official exchange rate for May 30 was 305.52 dram/$1.
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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