Armenia’s GDP Grows 11.7% In Jan-Aug

ARMENIA’S GDP GROWS 11.7% IN JAN-AUG
Interfax, Russia
Sept 22 2005
YEREVAN. Sept 22 (Interfax) – Armenia’s gross domestic product expanded
11.7% year-on-year to 1.16 trillion dram in January-August 2005,
the country’s national statistics service told Interfax.
Industrial output was up 6.2% to 417.1 billion dram in the first eight
months of 2005, while agricultural production grew 11.8% year-on-
year to 253.3 billion dram.
Armenia’s foreign trade was up 31.4% at 1.689 billion dram for
January-August.
The country has forecast that GDP will grow 8% in 2005 against 10.1%
in 2004.
The official exchange rate on September 22 was 449.27 dram/$1. tj