Jerusalem Post
Jan 21 2005

Armenian GDP up 10.1% in 2004

Yerevan. (Interfax) – Armenia’s GDP increased 10.1% year- on-year to
1.89 trillion dram in 2004, a source in the Armenian National
Statistics Service told Interfax.

Industrial production in the republic last year amounted to 530.2
billion dram – up 2.1% year-on-year. Agricultural output was up 14.5%
from 2003 to 504.1 billion dram.

By the end of December foreign trade was at over $2 billion (up
5.1%), including exports – up 4.3% to $715 million, and imports – up
5.6% to $1.351 billion.

The average-weighted exchange rate of the dram to the dollar in 2004
was 533.45 dram to the dollar.

The official exchange rate on January 20 was 493.43 dram to the
dollar.