GDP Grows By 13.2% In Armenia In January-November 2006

GDP GROWS BY 13.2% IN ARMENIA IN JANUARY-NOVEMBER 2006

Noyan Tapan
Dec 21 2006

YEREVAN, DECEMBER 21, NOYAN TAPAN. In January-November 2006, Armenian
GDP made 2 trillion 293 billion 933.5 million drams (over 5 bln 452
mln USD) at current prices, exceeding by 13.2% the respective index
of last year. According to the RA National Statistical Service,
the GDP index-deflator made 104.8%.

Industrial production made 579 bln 333.7 mln drams in the indicated
period, declining by 0.2% on the same period of last year, that without
diamond production – 567 bln 729.6 mln drams, growing by 1.7%. The
gross agricultural production made 497 bln 472 mln drams, growing by
0.2% on January-November 2005, construction – 529 bln 750.3 mln drams,
growing by 37.4%. Foreign trade amounted to 2 bln 847.9 mln USD in
January-Novemer 2006, exceeding by 13.6% the respective index of last
year. The same indices without diamond trade made 2 bln 410.9 mln USD
and 19.8%. Exports made 895 mln USD, growing by 0.3%, exports without
diamonds – 669.3 mln USD, growing by 3.1%. Imports made 1 bln 952.9 mln
USD, growing by 20.9%, imports without diamonds – 1 bln 741.8 mln USD,
growing by 27.8%. Retail trade amounted to 682 bln 755.1 mln drams,
growing by 10.4% on the same period of last year, services made 428
bln 368.8 mln drams, growing by 21.7%. The consumer price index made
102.7% in January-November 2006 on the same months of last year, the
manufacturers’ production price index – 96.6%. In January-November
2006, the average monthly nominal salary made 62.413 thousand drams,
exceeding by 22.7% the respective index of last year.

These indices with respect to employees of budgetary institutions
made 43.957 thousand drams and 25.5%, with respect to employees of
non-budgetary institutions – 76.007 thousand drams and 20.2%. Monetary
incomes of the population made 1 trillion 464 billion 282.6 million
drams growing by 19.3%, monetary expenditures – 1 trillion 424
billion 994.8 million drams, growing by 19.4%. The average exchange
rate of the Armenian dram against the US dollar made 420.71 drams in
January-November 2006 compared with 457.69 drams in January-November
of last year.