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GDP Grows By 13.2% In Armenia In January-November 2006

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  • GDP Grows By 13.2% In Armenia In January-November 2006

    GDP GROWS BY 13.2% IN ARMENIA IN JANUARY-NOVEMBER 2006

    Noyan Tapan
    Dec 21 2006

    YEREVAN, DECEMBER 21, NOYAN TAPAN. In January-November 2006, Armenian
    GDP made 2 trillion 293 billion 933.5 million drams (over 5 bln 452
    mln USD) at current prices, exceeding by 13.2% the respective index
    of last year. According to the RA National Statistical Service,
    the GDP index-deflator made 104.8%.

    Industrial production made 579 bln 333.7 mln drams in the indicated
    period, declining by 0.2% on the same period of last year, that without
    diamond production - 567 bln 729.6 mln drams, growing by 1.7%. The
    gross agricultural production made 497 bln 472 mln drams, growing by
    0.2% on January-November 2005, construction - 529 bln 750.3 mln drams,
    growing by 37.4%. Foreign trade amounted to 2 bln 847.9 mln USD in
    January-Novemer 2006, exceeding by 13.6% the respective index of last
    year. The same indices without diamond trade made 2 bln 410.9 mln USD
    and 19.8%. Exports made 895 mln USD, growing by 0.3%, exports without
    diamonds - 669.3 mln USD, growing by 3.1%. Imports made 1 bln 952.9 mln
    USD, growing by 20.9%, imports without diamonds - 1 bln 741.8 mln USD,
    growing by 27.8%. Retail trade amounted to 682 bln 755.1 mln drams,
    growing by 10.4% on the same period of last year, services made 428
    bln 368.8 mln drams, growing by 21.7%. The consumer price index made
    102.7% in January-November 2006 on the same months of last year, the
    manufacturers' production price index - 96.6%. In January-November
    2006, the average monthly nominal salary made 62.413 thousand drams,
    exceeding by 22.7% the respective index of last year.

    These indices with respect to employees of budgetary institutions
    made 43.957 thousand drams and 25.5%, with respect to employees of
    non-budgetary institutions - 76.007 thousand drams and 20.2%. Monetary
    incomes of the population made 1 trillion 464 billion 282.6 million
    drams growing by 19.3%, monetary expenditures - 1 trillion 424
    billion 994.8 million drams, growing by 19.4%. The average exchange
    rate of the Armenian dram against the US dollar made 420.71 drams in
    January-November 2006 compared with 457.69 drams in January-November
    of last year.
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