11.2% GDP GROWTH RECORDED IN ARMENIA FOR JAN-JUL 2007
arminfo
2007-08-20 15:25:00
GDP in Armenia grew by 12.1% over Jan-Jul 2007 as compared with
the same period of 2006, the preliminary data of the RA National
Statistical Service say. In June GDP grew by 38.4% totaling 1,287 bln
AMD or $3.6 bln in late July. GDP index deflator grew by 4.3%. The
AMD/USD exchange rate for the period under review averaged 354.08
AMD/$1 USD.
GDP grew due to a considerable increase in population incomes by 26.6%
as against Jan-Jul 2006 and 13.6% in July (1,039 bln AMD or $2.9
bln). The annual growth of services (trading exclusive) made up 17.9%
(an 8.9% growth in July) to 286.1 bln AMD ($808 mln). Construction grew
by 19.2% and 19.6% in July, totaling 254 bln AMD ($717.3 mln). Retail
turnover grew by 10.8% (a 4.4% growth in July), totaling 434.5 bln AMD
(over $1.2 bln).
Population expenses grew by 23.3% as against Jan-Jul 2006 and by 5%
in July, making up 999.9 bln AMD or $2.8 bln.
Electricity generation fell in July by 5.6% and by 1% as against
Jan-Jul 2006, making up 3,557.2 mln kWh. Industrial produce grew by
0.9% in July, and by 1.3% in Jan-Jul 2007 totaling 388.1 bln AMD or
$1.1 bln. Foreign turnover grew by 37% in Jan-Jul 2007 and by 4.3%
in July, making up 800.5 bln AMD or $2,262 mln. In the structure of
foreign turnover, exports grew by 0.6% in July, and by 20.8% in Jan-Jul
2007. Imports grew by 5.8% in July and by 44.5% in Jan-Jul 2007.
Disclaimer: This article was contributed and translated into English by Kharatian Ani. 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/2007/08/21/11-2-gdp-growth-recorded-in-armenia-for-jan-jul-2007/