10.0% GDP Growth Registered in Armenia in Jan-Nov, 2004

10.0% GDP GROWTH REGISTERED IN ARMENIA IN JAN-NOV, 2004
YEREVAN, JANUARY 10. ARMINFO. 10.0% GDP growth in Armenia was
registered in Jan-Nov, 2004. ARMINFO was informed in the press service
of the National Statistical Service of Armenia, according to
preliminary data, in Nov as against Oct the economic drop made up
22.1%. By the end of Nov 2004 the GDP totaled 1,672.1 bln drams or
($3,1 bln).
In Jan-Nov of 2004 the GDP growth was accounted for by 16.2% increase
in the construction volumes ($426.5 mln or 229.3 bln drams), 16.0%
increase of the income of the population ($2.074 bln or 1,115.3 bln
drams), 14.3% growth of the volume of agricultural produce ($767.1 mln
or 412.5 bln drams), industrial produce – 1.4% ($881.4 mln or 473.9
bln drams), energy generation – by 9.1% ($5,371.0 mln kw/h), 4.5%
growth of foreign trade turnover ($1.3 bln or 1,001.5 bln drams),
retail trade turnover by 9.2% ($1.3 bln or 699.9 bln drams), cargo
traffic by 16.4% (1,796.8 mln tons/km) and average wages by 28.0% ($76
or 40,961 drams). The expenses of the population in Jan-Nov increased
by 15.5% totalling $2.083 bln or 1,120.2 bln drams.
According to the statistical service, in Nov as against Oct 2004 the
GDP fall made up 22.1%, which was accounted for by 41.5% reduction of
the gross agricultural produce and 11.8% reduction of the services
provided to the population. At the same time, in Nov 2004 as against
Oct the volume of foreign trade turnover increased by 6.3%, energy
generation – by 23.9%, industrial produce – by 1.1%, cargo turnover –
by 9.5%, construction – by 9.1%, incomes and expenses of the
population by 3.3% and 4.5% respectively, retail turnover – by 2.5%
and average monthly wages – by 0.5%.
In the structure of the foreign trade turnover the exports increased
by 3.2%, and in Nov as against Oct 2004 it decreased by 9.4%m
totalling $645.9 mln. The imports increased by 5.3% in Jan-Nov 2004
as against the same period of 2003, and in Nov as against Oct it
increased by 16.2%, totalling $1,219.3 mln. It should be noted in
Jan-Nov, 2004 the AMD/USD exchange rate was in average 537.74 drams
against one U.S. dollar, and in Nov – 502.71 dram against one USD.