Armenian GDP Falls 14.4% In 2009

ARMENIAN GDP FALLS 14.4% IN 2009

Noyan Tapan
Jan 25, 2010

YEREVAN, JANUARY 25, NOYAN TAPAN. Armenian GDP fell by 14.4% in 2009
as compared to 2008 and amounted to 3 trillion 165 billion 538 million
drams. The index-deflator of GDP made 1.5%.

According to the RA National Statistical Service, industrial production
in Armenia fell by 7.8% in 2009 on 2008 and amounted to 663bn 921.1m
drams.

Gross agricultural output fell by 0.1% to 555bn 698.1m drams,
construction volumes declined by 36.4% to 575bn 709.8m drams.

Retail trade grew by 1% to 1 trillion 75bn 73.9m drams, services grew
by 1.3% to 768bn 910.3m drams.

Armenia’s foreign trade declined by 27% in 2009 compared to the
previous year and made bn 1.9m, with exports falling by 34% to 7.8m
and imports declining by 25.3% to bn 304.1m.

Consumer prices rose by 3.4%, industrial production prices by 7.1%
in Armenia last year.

The number of officially registered unemployed people grew by 13.1%
in 2009 on 2008 and made 84.5 thousand.

The average monthly nominal salary made 101,958 drams in 2009 (9.8%
growth as compared with 2008), including the average salary of 84,845
drams in the state sector (15.5% growth) and the average salary of
126,407 drams in the non-state sector (5.3% growth).

The average exchange rate of one dollar made 363.28 drams in 2009.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS