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Armenian GDP up 7.3% in Jan-Feb

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  • Armenian GDP up 7.3% in Jan-Feb

    Interfax
    March 22 2004

    Armenian GDP up 7.3% in Jan-Feb

    Yerevan. (Interfax) - Armenian GDP increased 7.3% to 134.043 million
    dram in January-February 2004, a source in the National Statistics
    Service told Interfax.

    Industrial production fell 5.5% year-on-year in the same period.

    Armenia's foreign trade deficit in the first two months amounted to
    $79.8 million. Exports amounted to $84.8 million, with imports of
    $164.6 million. Foreign trade turnover amounted to $249.4 million.

    GDP in Armenia in 2003 increased 13.9% to 1.618 trillion dram, with
    industrial production up 14.9% to 425.3 billion dram.

    The official exchange rate on March 19 was 562.67 dram to the dollar.
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