ARMENIA’S GDP IN JANUARY-SEPTEMBER FALLEN 18.3 PER CENT

PanARMENIAN.Net
20.10.2009 16:19 GMT+04:00

/PanARMENIAN.Net/ Over the nine months of 2009 GDP of Armenia decreased
by 18.3 per cent to $ 2 trillion 123 billion AMD, the RA National
Statistical Service published.

Armenia’s economy showed some trends of stabilization, since GDP over
the first 7 months fall by 18.5 per cent, over the eight months – by
18.4 per cent. The biggest decline in Armenia’s economy was observed
in construction industry: by 53.8 per cent. The volume of industrial
production in the country in January-September 2009 reached 459.694
billion AMD, 11.4 per cent less down compared to the same period of
2008. The decline in agriculture averaged 2.3 per cent, while in the
service industry – 1.8 per cent.