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Armenian GDP Grows 10.6% In 5 Mths

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  • Armenian GDP Grows 10.6% In 5 Mths

    ARMENIAN GDP GROWS 10.6% IN 5 MTHS

    Interfax News Agency
    Russia & CIS Business and Financial Newswire
    July 4, 2006 Tuesday 2:55 PM MSK

    Armenian GDP grew 10.6% year-on-year in the first five months of
    2006 to 567.134 billion dram (418.28 dram/$1 on July 4), the National
    Statistics Service told Interfax.

    Industrial output fell 1.9% to 242.235 billion dram, but agricultural
    output rose 2% to 84.185 billion dram.

    Armenia's foreign trade deficit grew 20.3% to $429.2 million in the
    five months.

    Foreign trade turnover rose 9.7% to $1.107 billion. Exports fell 4.6%
    to $339.1 million, but imports grew 17.4% to $768.3 million.

    The budget calls for GDP growth of 7.5% in 2006 as a whole. The
    economy grew 13.9% in 2005.
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