ARMENIA’S GDP GROWS BY 2.4% IN JANUARY 2010 COMPARED TO SAME MONTH OF 2009

Noyan Tapan
Feb 19, 2010

YEREVAN, FEBRUARY 19, NOYAN TAPAN. Armenia’s GDP grew by 2.4% and
amounted to 149bn 491.4m drams (about 391.8m USD) in January 2010
compared to the same month of 2009. The GDP index-deflator made 10.5%.

According to the RA National Statistical Service, industrial
production grew by 6.5% to 53bn 657.8m drams in Armenia in January
2010 on January 2009.

Gross agricultural output increased by 3.1% to 14bn 753.7m drams,
while construction volumes declined by 10.7% to 9bn 838m drams in the
indicated period.

Retail trade remained at the same level and amounted to 61bn 556.6m
drams, services declined by 2.2% to 47bn 830m drams.

Foreign trade of Armenia grew by 14.8% in January 2010 on the same
month of last year and amounted to 296.4m USD, with exports growing by
57.7% to 53.9m USD and imports growing by 8.3% to 242.5m USD.

Consumer prices rose by 1.7% in January 2010 compared with January
2009 and by 7% compared with December 2009. The index of industrial
production prices rose by 39.7% in January 2010 on January 2009.

The number of officially registered enemployed people grew by 12.1% in
Armenia in January 2010 on January 2009 and made 84.9 thousand.

The average monthly nominal salary amounted to 101,704 drams (8.8%
growth compared to last year) in January 2010, including the salary of
86,499 drams (12.3% growth) in the state sector and the salary of
123,966 drams (5.2% growth) in the non-state sector.

The average exchange rate of one USD made 377.53 drams in January 2010.