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Armenian economy grows 11.6% in 7 mths

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  • Armenian economy grows 11.6% in 7 mths

    Interfax News Agency
    Russia & CIS Business and Financial Newswire
    September 1, 2006 Friday 5:23 PM MSK

    Armenian economy grows 11.6% in 7 mths



    Armenia's GDP grew 11.6% year-on-year in January-July 2006 to 1.095
    trillion dram ($2.765 billion), the National Statistical Service told
    Interfax.

    Industrial output (not including energy) fell 1% to 355.79 billion
    dram (395.89 dram/$1 on Sept.1) and agricultural output fell 6.1% to
    198.128 billion dram.

    Foreign trade turnover was $1.655 billion.

    The budget is targeting GDP to grow 7.5% this year. GDP grew 13.9% in
    2005.
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