GDP GROWS BY 10.2% IN ARMENIA IN JANUARY-MAY 2007 ON SAME MONTHS OF LAST YEAR
Noyan Tapan
Jun 20 2007
YEREVAN, JUNE 20, NOYAN TAPAN. Armenian GDP grew by 10.2% in
January-May 2007 on the same months of last year and made 684 bln
339.8 mln drams (about 1 bln 905.8 mln USD). The GDP index-deflator
made 3.5%.
According to the RA National Statistical Service, industrial production
grew by 1.2% in January-May of this year on the same months of 2006
and made 265 bln 697.6 mln drams, while industrial production without
diamond production grew by 7.9% to 263 bln 355.6 mln drams.
The gross agricultural output increased by 1.3% to 89 bln 288.3 mln
drams, construction – by 11.6% to 102 bln 438.6 mln drams, retail
trade – by 11.2% to 294 bln 538.9 mln drams, services – by 16.5%
to 203 bln 759.4 mln drams.
The foreign trade of Armenia grew by 39.1% on January-May 2006 and
made 1 bln 536.33 mln USD. Exports increased by 24.9% to 423.58 mln
USD, imports – by 45.3% to 1 bln 112.75 mln USD. The foreign trade
without diamonds grew by 52.6% to 1 bln 400.2 mln USD, exports –
by 43.3% to 357 mln USD, imports – by 56.1% to 1 bln 43.2 mln USD.
In Jauary-May 2007, consumer prices grew by 4.5% on January-May 2006,
industrial production prices – by 0.6%.
The monetary incomes of the population increased by 24.4% in
January-May 2007 on the same period of last year and made 682 bln
781.7 mln drams, monetary expenditures – by 22.3% to 676 bln 892.9
m ln drams. The average monthly nominal salary made 71.016 thousand
drams (18% growth), including the salary of employees of budgetary
institutions – 52.221 thousand drams (16.6% growth) and that of
employees of non-budgetary institutions – 88.659 thousand drams (18%
growth). The average exchange rate of one US dollar made 359.08 drams
in January-May 2007 and 416.04 drams – in 2006.
The number of the unemployed officially registered in Armenia made
86.9 thousand as of late May 2007, declining by 3.9% as compared with
the same index of last year.