GDP Increased By 10% In The Nagorno-Karabakh

GDP INCREASED BY 10% IN THE NAGORNO-KARABAGH

DeFacto Agency, Armenia
Feb 26 2007

According to tentative data, in 2006 the Nagorno-Karabagh Republic GDP
increased by 10, 1 %, as compared with 2005, making 61 milliard 885,
9 millions drams.

According to the information DE FACTO received at the NKR National
Statistic Service, the GDP growth had been mainly provided at the
expense of industry (3, 5 %), taxes on goods and import (3 %),
construction (2, 4%), finances and credits (1, 3 %).

Last year industrial production for 24 milliards 203, 6 millions
drams was made in the Republic (the growth is 16, 3 %).

In 2006 the amount of capital construction made 17 milliards 602
millions drams, which is 39, 7 % more than the level of 2005.

As compared with 2005 the amount of the NKR external turnover increased
by 19, 1 %, while export increased by 19, 3 %, import by 18, 6 %.

In 2006 the number of the employed population in the Republic made 39
533 people, which is 4, 7% more than the level of 2005. The employees’
average monthly salary was 56 683 drams, which is 10, 9 % more as
compared with the index of 2005.

According to the data of January 1, 2007 the number of the registered
unoccupied population made 3805 people, 93, 6 % of which received the
status of unemployed. The level of unemployment in the Republic was 6,
1 % versus 5, 6% in 2005.