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Armenian GDP 7.5 per cent up in first quarter of 2004

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  • Armenian GDP 7.5 per cent up in first quarter of 2004

    Armenian GDP 7.5 per cent up in first quarter of 2004

    Arminfo
    21 Apr 04

    YEREVAN

    Armenia's GDP grew by 7.5 per cent in January-March 2004 in comparison
    with the same period of 2003 and totalled 223bn drams (about 400 US
    dollars).

    In the same period, the volume of industrial production in Armenia
    increased by 2.8 per cent, agricultural production by 6.2 per cent and
    retail turnover by 9.5 per cent.

    The GDP deflator index totalled 109.9 per cent, and consumer prices
    increased by 2.2 per cent in comparison with last December.

    The population's income grew by 21.2 per cent and spending by 19 per
    cent, according to the National Statistics Service. At the end of
    March, there were 118,000 officially registered unemployed in Armenia.

    In this period, the volume of Armenia's foreign trade turnover
    totalled 433.11m dollars, of which imports amounted to 281.25m and
    exports to 151.86m dollars.

    From: Emil Lazarian | Ararat NewsPress
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