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GDP Grows By 12.5% In Armenia In January-September 2006

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  • GDP Grows By 12.5% In Armenia In January-September 2006

    GDP GROWS BY 12.5% IN ARMENIA IN JANUARY-SEPTEMBER 2006

    YEREVAN, OCTOBER 20, NOYAN TAPAN. In January-September 2006,
    Armenia's GDP made 1 trlillion 720 billion 63 million drams
    (about 4 billion USD), exceeding by 12.5% the respective index
    of last year. According to the RA National Statistical Service,
    GDP index-deflator made 105.1%. The industrial production made 468
    bln 10.6 mln drams, declining by 1.6% on the same pertiod of last
    year, that without diamond production - 465 bln 902.8 mln drams,
    growing by 1.5%. The gross agricultural output made 370 bln 568 mln
    drams, remaining unchanged compared with January-September 2005,
    and construction volume amounted to 393 bln 803 mln drams, growing
    by 39.6%. In January-September 2006, Armenia's foreign trade made
    2 bln 208.2 mln USD or by 12.1% more than in the same period of last
    year. The same indices without diamond trade made 1 bln 861 mln USD and
    19.5%. Exports made 699.4 mln USD, declining by 0.9%, exports without
    diamonds - 522.4 mln USD, growing by 3.4%. Imports made 1 bln 508.7 mln
    USD, growing by 19.4%, imports without diamonds - 1 bln 338.6 mln USD,
    grwoing by 27.3%. Retail trade amounted to 536 bln 273.5 mln drams, or
    by 10.9% more than in the same period of last year, while services -
    to 338 bln 472.5 mln drams, or by 22% more. The consumer price index
    made up 102% in January-September 2006 on the same months of 2005,
    the index of prices of manufacturers' production - 97.2%. The average
    monthly nominal salary in January-September 2006 made 61.320 thousand
    drams, growing by 22.1% on the same months of last year.

    The same indices with respect to employees of budgetary institutions
    made 42.684 thousand drams and 22.6%, with respect to employees of
    non-budgetary institutions - 75.074 thousand drams and 20.5%. Monetary
    incomes of the population made 1 trillion 142 billion 572.2 million
    drams, growing by 19.8%, monetary expenditures - 1 trillion 114
    billion 915.6 million drams, growing by 20.3%.

    The average exchange rate of the Armenian dram against the US dollar
    was 430.04 drams in January-September 2006 compared with 457.69 drams
    in January-December of last year.
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