ARMENIAN GDP GREW 10% DURING JANUARY-NOVEMBER 2004

RIA Novosti
2005-01-04

YEREVAN, January 4 (RIA Novosti, Gamlet Matevosyan) – Armenian GDP grew
by 10% in January-November 2004 compared with the same period in 2003
reaching 1 trillion and 672 billion and 198 million dram ($3,113,962,000).

According to Armenian National Statistics Service, the GDP dropped by
22.1% in November 2004 compared with October 2004.

The volume of industrial production during 11 months of 2004 grew by
1.4% and reached 474 billion dram ($882 million and 680 thousand).

The volume of agricultural production during the same period grew by
14.3% and reached 412 billion and 500 million dram ($768 million and 150
thousand).

Armenian 2004 state budget establishes the average GDP growth rate of 7%
in 2004. The average currency exchange rate during January-November 2004
was 537 dram for $1.

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