9.7% year-on-year economic decline in Armenia in Jan-Apr 2009
YEREVAN, May 31. /ARKA/. National Statistical Service of Armenia says
the country’s economy declined 9.7% in Jan-Apr 2009, compared with the
same period of the previous year.
According to the statistical report, GDP amounted to AMD 638939.3
million in current prices and index-deflator was recorded at 101.8%.
The report says that 8.2% gross added value in Jan-Apr 2009 (against
5.7% at the same period a year earlier) curbed real GDP growth by 6.9%,
and reduction in tax receipts, excluding subsidies, by 17.6% in Jan-Apr
2009(against 33.5% growth recorded at the same period of 2008) curbed
GDP growth by 2.8 percentage points in Jan-Apr 2009 (against the 4.4%
added to growth at the same period of the previous year).
The statistical report also says that 42% decline in construction
sector curbed GDP growth by 5.1 percentage points (against two percent
added to GDP growth in Jan-Apr 2008).
According to the report, 11.2% industrial decline (including energy
area) left GDP without 2.3 percentage points in Jan-Apr 2009, while at
the same period of the previous year the industry added nothing to GDP
growth.
Four-percent decline in agriculture, forestry and fishery took
0.3percentage points from GDP growth in Jan-Apr 2009, while a year
earlier they added 0.1 points to the growth.
The 0.4% decline recorded in financial and real estate sectors in
Jan-Apr 2009 had no impact on GDP growth, while a year earlier these
sectors added one percent to it.
Gross added value made 85.7% of GDP in Jan-Apr 2009 against 84.2% in
Jan-Apr 2008. Industry, including energy, made 17.2% against 20.3% a
year earlier.
Share of agriculture, forestry and fishery in GDP was 8.3% and
construction 9.3%, and trade, car, transport sectors 25.4% and services
as a whole 54.6% in Jan-Apr 2009.
Taxes (excluding subsidies) made 14.3% of GDP.
Per-capita GDP amounted to AMD 197,301 or $585 (?¬448).Armenia recorded
9.3% economic growth in Jan-Apr 2008. The Government planned 9.2% GDP
growth in the 2009 state budget. ($1 = AMD 370.89). –0′
From: Emil Lazarian | Ararat NewsPress