ARMENIAN GDP GROWS BY 12.1% IN JANUARY-JULY 2007 ON SAME PERIOD OF LAST YEAR
Noyan Tapan
Aug 20, 2007
YEREVAN, AUGUST 20, NOYAN TAPAN. In January-July 2007, Armenia’s GDP
grew by 12.1% on the same period of last year and made 1 trillion
287 billion 363 million drams (about 3 bln 635.8 mln dollars). The
GDP index-deflator made 104.3%.
According to the RA National Statistical Service, industrial production
grew by 1.3% in January-July 2007 on the same months of last year
and made 388 bln 117 mln drams. Industrial production without diamond
production grew by 8.7% to 384 bln 997.7 mln drams.
The gross agricultural output increased by 2.2% to 211 bln 856.1 mln
drams, construction – by 19.2% to 253 bln 976.5 mln drams, retail
trade – by 10.8% to 434 bln 485.4 mln drams, while services grew by
17.9% to 286 bln 118 mln drams.
The foreign trade of Armenia grew by 37% on January-July 2006 and made
2 bln 262.9 mln USD, with exports growing by 20.8% to 631.1 mln USD,
imports – by 44.5% to 1 bln 631.8 mln USD. The foreign trdae without
diamond trade grew by 50.1% to 2 bln 69.7 mln USD, exports – by 39.4%
to 538.3 mln USD, imports – by 54.2% to 1 bln 531.4 mln USD.
Consumer prices rose by 4.2% in January-July 2007 on the same period
of 2006, whereas prices of industrial production fell by 1.2%.
Monetary incomes of the population increased by 26.6% in the first
seven months of 2007 as compared with the same period of last year and
amounted to 1 trillion 39 billion 164.7 million drams, expenditurs grew
by 23.3% to 999 bln 981.8 mln drams. The average monthly nominal salary
made 72.249 thousand drams (19.8% growth), including that of employees
of budgetary institutions – 53.23 thousand drams (21.7% growth) and
of employees of non-budgetary institutions – 90.17 thousand drams
(19.4% growth). The average exchange rate of US dollar made 354.08
drams in January-July of this year and 416.04 in the year 2006.
The number of oficially registered unemployed made 83.1 thousand in
Armenia as of late July 2007, declining by 7% as compared with the
respective index of last year.