ARMENIAN GDP FALLS BY 18.3% IN JANUARY-SEPTEMBER 2009 ON SAME PERIOD OF 2008

Noyan Tapan
Oct 20, 2009

YEREVAN, OCTOBER 20, NOYAN TAPAN. Armenia’s GDP fell by 18.3% in
January-September 2009 on the same period of 2008 and amounted to
2 trillion 123 billion 218 million drams. The index-deflator of GDP
made 0.2%.

According to the RA National Statistical Service, industrial production
declined by 11.4% to 459bn 694.6m drams in January-September 2009 on
the same months of last year.

The gross agricultural output fell by 1.3% to 407bn 864.1m drams,
construction volumes declined by 43.8% to 364bn 646.9m drams, retail
trade grew by 0.8% to 697bn 636m drams, and services declined by 1.2%
to 533bn 181.5m drams.

The foreign trade of Armenia dropped by 30.7% as compared with
January-September 2008 and amounted to 2bn 732.3m USD, with exports
declining by 41.5% to 480.7m USD and imports falling by 27.9% to 2bn
251.6m USD.

Consumer prices rose by 2.9%, industrial production prices by 0.8%
in January-September 2009 on the same period of 2008.

The number of the officially registered unemployed increased by 10.3%
and made 83.1 thousand in late September 2009 as compared with the
same month of last year.

The average monthly nominal salary amounted to 98,369 drams in
January-September 2009 (12% growth as compared with January-September
2008), including the average salary of 81,788 drams in the state sector
(16.9% growth) and the average salary of 122,177 drams in the private
sector (8.3% growth).

The average exchange rate of one US dollar made 355.45 drams in
January-September 2009.

From: Emil Lazarian | Ararat NewsPress