Armenia In 6th Place In World By GDP Growth Index

ARMENIA IN 6th PLACE IN WORLD BY GDP GROWTH INDEX

Noyan Tapan

Nov 20, 2008

YEREVAN, NOVEMBER 20, NOYAN TAPAN. The Armenian government attaches
importance to the outside world’s opinions about economic developments
in the country. The annual reports "Economic Developments in Armenia"
published by the Armenian European Policy and Legal Advice Center
(AEPLAC) present a "European view" on economic development processes
in Armenia. The 2007 report also shows that the Armenian economy
is developing in a correct way, the RA minister of finance Tigran
Davtian said at the November 19 presentation of the annual report
"Economic Developments in Armenia 2007".

According to him, the Armenian government receives technical
assistance from AEPLAC in the implementation of economic reforms,
and the government is satisfied with level of that cooperation.

The report was given by the head of AEPLAC’s economic team Gagik
Gabrielian.

In the report, 60 countries were selected for comparison with Armenia
and monitoring. It was mentioned that by data of the International
Monetary Fund (IMF), in 2007 Armenia was in 6th place among 181
countries by the index of GDP growth (13.8%). By data of the World
Bank, in 2007 Armenia was in 82nd place in the world and in 6th place
among CIS countries by the index of per capita purchasing capacity
(5,711 dollars).

The head of the European Commission Delegation in Armenia Raul de
Luzenberger said that an agreement has been reached with the Armenian
government, under which the AEPLAC will continue its work in 2009-2010.

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