ARMENIA’S GDP GROWS BY 7.2% IN JANUARY-NOVEMBER 2008 ON SAME PERIOD OF 2007
Noyan Tapan
Dec 26, 2008
YEREVAN, DECEMBER 26, NOYAN TAPAN. Armenia’s GDP grew by 7.2% in
January-November 2008 on the same period of 2007 and made 3 trillion
290 billion 972.1 million drams (over 10 bln 761.8 mln USD). The GDP
index-deflator made 110.8%.
According to the RA National Statistical Service, industrial production
grew by 2.9% to 693 bln 389.9 mln drams in Armenia in January-November
2008 on the same months of 2007.
Gross agricultural output increased by 0.1% to 585 bln 573.2 mln drams,
construction – by 1.6% to 757 bln 806 mln drams, retail trade – by
6.2% to 883 bln 628.7 mln drams, and services grew by 13.3% to 656
bln 714.9 mln drams.
Foreign trade of Armenia grew by 27.6% in January-November 2008 and
amounted to 4 bln 992.6 mln USD, with exports growing by 4.5% to 1
bln 7.6 mln USD and imports growing by 39.5% to 3 bln 985 mln USD.
Consumer prices rose by 9.3%, industrial production prices – by 3.5%
as compared with January-November 2007.
The number of officially registered unemployed declined by 0.3% in
the country in late November 2008 on the same month of last year and
made 74.3 thousand.
The average monthly nominal salary made 89,029 drams in the first
eleven months of 2008 (18.8% growth on the same period of 2007),
including the salary of the budgetary system’s employees – 63,197 drams
(19.1% growth) and that of employees of the nonbudgetary system –
110,991 drams (18.3% growth).
The average exchange rate of a US dollar made 305.8 drams in
January-November 2008 (in 2007 this index made 342.08 drams).