Armenia’s GDP grows by nine per cent in first half of 2004

Noyan Tapan news agency
20 Jul 04

YEREVAN

Armenia’s GDP grew by 9.1 per cent in January-June 2004 in comparison
with the same period last year and totalled 600,035,600,000 drams
(about 1.12bn dollars). The republic’s industrial output grew by 4.5
per cent in the reported period, while agricultural output and retail
trade turnover increased by 6.8 and 10.1 per cent respectively. Exports
and imports went up by 7.2 and 3.8 per cent respectively.

The GDP deflation index reached 106.2 per cent, and there was a
4.5-per-cent growth in consumer prices in comparison with December
2003.

The population’s money incomes increased by 19.2 per cent, whereas
expenditure went up by 18.2 per cent, the Armenian National Statistics
Service said. There were 115,000 officially registered unemployed as
of late June.

In the reported period, the rate of the dram for the dollar was 558.18
drams.