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Armenia's GDP expands 9.1% in H1

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  • Armenia's GDP expands 9.1% in H1

    Interfax
    July 23 2004

    Armenia's GDP expands 9.1% in H1

    Yerevan. (Interfax) - Armenia's gross domestic product expanded 9.1%
    to 500.036 billion dram year-on-year in the first half of 2004, the
    National Statistics Service told Interfax.

    Industrial output reached 242.768 billion dram, up 4.5% year-on-
    year.

    Armenia's trade turnover for the six months was up 4.9% to over 539
    billion dram ($965 million). Exports came to 190.8 billion dram ($340
    million) and imports to 348.5 billion dram ($625.1 million), for a
    trade deficit of 157.7 billion dram ($285.1 million).

    The country's trade turnover increased 30.5% in 2003 to $1.948
    billion. Exports increased 34.2% to $678.1 million and imports 28.6%
    to $1.269 billion, for a trade deficit of $591.3 million ($535.4
    million in 2002).
    The official exchange rate for July 22: 515.99 dram/$1.
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