ECONOMIC GROWTH TOTALS 13.2% IN ARMENIA IN JAN-SEPT 2007
ARKA News Agency
Oct 31 2007
Armenia
YEREVAN, October 31. /ARKA/. Economic growth in Armenia totaled 13.2%
in January-September 2007 as compared to the corresponding period
in 2006.
According to the RA National Statistical Service (NSS), GDP totaled
AMD 2, 016,595.4mln in the reporting period. GDP increased by 0.4%
in September as compared to August.
Deflator index of GDP totaled 103.9% in January-September 2007.
13.2pct of GDP increase was secured by 10.4% increase of gross
added value (against 10.5pct in January-September 2006) and 2.8pct
by means of 31.9% of taxes after deduction of grants (against 1.1pct
in January-September 2006).
4.2pct GDP growth was secured by 18.7% construction increase (against
7.2pct in January-September 2006). 0.5pct GDP growth was secured
thanks to industry, including the sphere of energy (2.6% increase of
the field).
1.6pct growth was secured thanks to agriculture, hunting, fishing
(8.3% increase of the field).
Services increased by 13.9% and secured 4.2pct GDP growth (against
3.7pct in January-September 2006). During the reporting period trade,
catering, transport and communications increased by 13.1% and secured
2.0pct GDP growth.
In GDP, the specific weight of the added value totaled 90% against
91.3% in January-September 2006.
The share of agriculture decreased by 0.8pct to 18.8%, whereas the
share of construction increased by 1.2pct to 23.8%. The share of
trade, catering, transport and communications in GDP is 14.7%, the
total share of services being 30.9%.
The share of taxes after deduction of grants was 10.0%. GDP totaled
AMD 625,340 ($1,785 or EUR 1,329) per head.
Economic growth totaled 11.6% in January-September 2006. 11% GDP
growth is planned by the RA state budget in 2007.