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Armenia Posts 11.8% GDP Growth in Half 1

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  • Armenia Posts 11.8% GDP Growth in Half 1

    ARMENIA POSTS 11.8 PERCENT GDP GROWTH IN HALF 1

    Armenpress

    YEREVAN, JULY 20, ARMENPRESS: Armenia GDP in the first half of 2006
    rose to 809.235 billion Drams, posting an 11.8 percent year-on-year
    growth. The growth against May was 40.7 percent.

    Armstat said industrial output, not counting indirect taxes, amounted
    to 300.7 billion Drams. Not counting diamond sector, the figure was
    299.1 billion Drams, while not counting power, gas, water production
    and distribution it was 244.6 billion Drams.

    Armenia produced in the first half of 2006 3.2 billion kilowatt hours
    electricity, down 7 percent from a year ago. Agricultural output in
    this time span was 118.9 billion Drams, which was 7.2 percent higher
    from a year ago.

    The volume of major construction, in money terms, was 165.6 billion
    drams, 32 percent higher on year-on-year terms. The volume of retain
    trade across the country rose to 320.7 billion Drams, a 12 percent
    increase from a year ago.
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