Armenian GDP 7.5 per cent up in first quarter of 2004

Arminfo
21 Apr 04

YEREVAN

Armenia’s GDP grew by 7.5 per cent in January-March 2004 in comparison
with the same period of 2003 and totalled 223bn drams (about 400 US
dollars).

In the same period, the volume of industrial production in Armenia
increased by 2.8 per cent, agricultural production by 6.2 per cent and
retail turnover by 9.5 per cent.

The GDP deflator index totalled 109.9 per cent, and consumer prices
increased by 2.2 per cent in comparison with last December.

The population’s income grew by 21.2 per cent and spending by 19 per
cent, according to the National Statistics Service. At the end of
March, there were 118,000 officially registered unemployed in Armenia.

In this period, the volume of Armenia’s foreign trade turnover
totalled 433.11m dollars, of which imports amounted to 281.25m and
exports to 151.86m dollars.

From: Emil Lazarian | Ararat NewsPress