Interfax News Agency
Russia & CIS Business and Financial Newswire
September 1, 2006 Friday 5:23 PM MSK

Armenian economy grows 11.6% in 7 mths

Armenia’s GDP grew 11.6% year-on-year in January-July 2006 to 1.095
trillion dram ($2.765 billion), the National Statistical Service told
Interfax.

Industrial output (not including energy) fell 1% to 355.79 billion
dram (395.89 dram/$1 on Sept.1) and agricultural output fell 6.1% to
198.128 billion dram.

Foreign trade turnover was $1.655 billion.

The budget is targeting GDP to grow 7.5% this year. GDP grew 13.9% in
2005.