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Armenia's GDP Grows 11.7% In Jan-Aug

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  • Armenia's GDP Grows 11.7% In Jan-Aug

    ARMENIA'S GDP GROWS 11.7% IN JAN-AUG

    Interfax, Russia
    Sept 22 2005

    YEREVAN. Sept 22 (Interfax) - Armenia's gross domestic product expanded
    11.7% year-on-year to 1.16 trillion dram in January-August 2005,
    the country's national statistics service told Interfax.

    Industrial output was up 6.2% to 417.1 billion dram in the first eight
    months of 2005, while agricultural production grew 11.8% year-on-
    year to 253.3 billion dram.

    Armenia's foreign trade was up 31.4% at 1.689 billion dram for
    January-August.

    The country has forecast that GDP will grow 8% in 2005 against 10.1%
    in 2004.

    The official exchange rate on September 22 was 449.27 dram/$1. tj
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