Interfax, Russia
posted Aug 22 2005

Armenian GDP up 11.7% in Jan-July

YEREVAN. Aug 19 (Interfax) – GDP in Armenia in January-July 2005
increased 11.7% year-on-year to 915.2 billion dram, a source in the
National Statistics Service told Interfax.

Industrial production in the first seven months of this year
increased 6.3% to 361.9 billion dram, with agricultural production up
14.1% to 184.5 billion dram.

Production of electricity increased 4% to 3.83 billion dram.

Construction in January-July increased 26.8% year-on-year to 56.5
billion dram.

Foreign trade increased 29.5% to $1.456 billion.

Armenian GDP increased 10.1% in 2004, with industrial production up
2.1% and agricultural production – 14.5%.

The official exchange rate on August 19 was 464.37 dram to the
dollar. [AM ASIA EUROPE EEU EMRG MCE ECI RES] rd