THE ECONOMIC GROWTH HAS FORMED 9.1 PERCENT

Karabakh-open.info
Monday, 30 April 2012 17:32

At the NKR Government session of April 27 the state budget performance
2011 presented by Vice-premier, Minister of Finance Spartak Tevosyan,
was discussed.

According to his presentation the economic growth of 2011 in the
Republic has formed 9.1 %. The gross domestic product formed AMD 135.5
billion as compared with AMD 118.2 billion of 2010. The GDP per person
formed AMD 936.1 thousand as compared with AMD 823.2 thousand of the
previous year.

The industrial production volume, the gross agricultural output and
the capital construction volume of 2011 increased correspondingly by
0.8 %, 20.1% and 1.4 % as compared with the same indices of 2010.

Trade capacity increased by 12.8% with 14.5% growth in import volume
and 6.4% increase in export volume. The number of employees in various
industrial branches formed 47.949 people having secured increase by
1058 workplaces as compared with the previous year, the Minister
reported and added that the average salary per employee increased
by 6.2%.

In parallel with the economic growth and employment, incomes and
expenditures of the population increased as well with 16.6% of income
growth and 13% of expenditure growth as compared with the corresponding
indices of 2010.

From: Baghdasarian