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Armenian GDP Grows 9.7% In Four Months Of 2006

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  • Armenian GDP Grows 9.7% In Four Months Of 2006

    ARMENIAN GDP GROWS 9.7% IN FOUR MONTHS OF 2006

    Armenpress
    May 22 2006

    YEREVAN, MAY 22, ARMENPRESS: In the first four months of this year
    Armenia's Gross Domestic Product (GDP) rose 9.7 percent from a year
    ago to almost 395 billion Drams. The GDP growth rate in April was 26.6
    percent against March, Armenia's National Statistical Committee said.

    The committee said according to preliminary data, almost 188 billion
    Drams worth industrial goods, not counting indirect taxes, were
    manufactured in this period of time, 3 percent down from figures of
    the first four months of 2005, but the industrial growth in April of
    2006 was 12 percent higher against March.

    Armenian power generating facilities produced in this period of time
    2.144 billion kilowatt hours of electricity, down 11 percent from a
    year ago.

    The Statistical Committee also said population's incomes in
    January-April of this year amounted to 431.4 billion drams and their
    expenditures rose to 443.2 billion drams, of which 356.1 billion were
    spent on purchase of goods and payments for services.

    Compared with figures from a year ago incomes and expenditures grew
    respectively 17 and 20 percent.

    By the end of April the army of officially registered unemployed man
    and women made 91,000 people, 12 percent down from a year ago. The
    committee also said the average wage was 58,000 drams, 21 percent
    higher from a year ago. Wages in public sector made 41,000 drams
    and 71,000 drams in private companies, the growth against 2005 was
    respectively 23 and 20 percent.
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