GDP GROWS 11.7% IN ARMENIA IN JANUARY-JULY, 2005, ON SAME MONTHS OF LAST YEAR

YEREVAN, AUGUST 19, NOYAN TAPAN. In January-July, 2005, GDP in
Armenia grew by 11.7% on the same period of 2004 and made 915 bln
222.9 mln drams (about 2 bln USD). The GDP index-deflator made up
103.7%. According to the RA National Statistical Service, in the
indicated period, the industrial production in Armenia increased by
6.3% in Armenia, while the gross agricultural output and the retail
trade grew by 14.1% and 5.3% respectively. The RA foreign trade grew
by 29.5% in January-July, 2005 over the same period of last year and
made about 1.5 bln USD, with exports increasing by 31.9% and made
523 mln USD and imports by 26.2% to 788 mln USD respectively. Cosumer
prices grew 3.1% in July on December of last year. In the period under
review, citizens’ incomes and expenditures grew by 12.7% and 8.6%
respectively. As of late July, the number of the officially registered
unemployed made 94.5 thousand people.

From: Emil Lazarian | Ararat NewsPress