ARMENIA’S ECONOMIC GROWTH IN LEADING POSITIONS: AEPLAC

ARKA
Nov 19, 2008

YEREVAN, November 19. /ARKA/. Armenia’s economic growth has leading
positions in the world, Gagik Gabrielyan, head of the economic group
of AEPLAC (Armenian-European Policy and Legal Advice Centre), said
today, quoting the Armenian Economic Trends: 2007 Annual Report.

According to the International Monetary Fund (IMF), last year Armenia
ranked sixth among 181 countries in terms of a two-digit growth in GDP.

Armenia recorded 13.8% economic growth in 2007 – a double increase
compared to 2001, Gabrielyan said, adding Armenia ranked 82nd (sixth
in the CIS) in terms of the purchasing power parity (PPP) of $5,711
worth GDP per capita.

The nominal value of Armenia’s GDP totalled $9,204mln (â~B¬6,731mln)
between January and September 2008, with GDP per capita amounting to
$2,853 (â~B¬2,086).

Armenia saw 10.3% year-on-year economic growth between January and
August 2008, with $2,187 (â~B¬1,427) GDP per capita. The country
expects 9.2% economic growth in 2009.

The structure and content of AEPLAC’s annual economic reports are in
line with the requirements of traditional macroeconomic reports. They
provide an in-depth analysis of the annual macroeconomic developments
of Armenia.

–Boundary_(ID_knelkwYau/2ExohMahZzEA)–