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Armenian GDP up 11.7% in Jan-July

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  • Armenian GDP up 11.7% in Jan-July

    Interfax, Russia
    posted Aug 22 2005

    Armenian GDP up 11.7% in Jan-July

    YEREVAN. Aug 19 (Interfax) - GDP in Armenia in January-July 2005
    increased 11.7% year-on-year to 915.2 billion dram, a source in the
    National Statistics Service told Interfax.

    Industrial production in the first seven months of this year
    increased 6.3% to 361.9 billion dram, with agricultural production up
    14.1% to 184.5 billion dram.

    Production of electricity increased 4% to 3.83 billion dram.

    Construction in January-July increased 26.8% year-on-year to 56.5
    billion dram.

    Foreign trade increased 29.5% to $1.456 billion.

    Armenian GDP increased 10.1% in 2004, with industrial production up
    2.1% and agricultural production - 14.5%.

    The official exchange rate on August 19 was 464.37 dram to the
    dollar. [AM ASIA EUROPE EEU EMRG MCE ECI RES] rd
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