ARKA News Agency, Armenia
March 23 2006

TWO-DIGIT REAL GROWTH OF GDP RECORDED I ARMENIA IN 2005

YEREVAN, March 23. /ARKA/. Two-digit real growth of GDP was recorded
I Armenia in 2005, Tigran Sargsyan, Chairman of the Central Bank of
Armenia, said Thursday in Armenian National Assembly.
He said that GDP reached two-digit real growth in Armenia. `Besides,
the republic had its deflator grown 4.2% and its national currency
strengthened by 7.2% and by 14% on averaged index. It means nominal
GDP grew nearly 35%’, Sargsyan said.
Current account deficit in GDP made 3.2% in 2005 against 4.5% in
2004, the CBA head said. In his words, export rose 33% and import
increased 30% in 2005.
`AS a result, 0.2-percent deflation was recorded by late 2005 and
average inflation made 0.6%, compared with previous year.
GDP real growth in Armenia made 13.9% in 2005. M.V. -0—