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EBRD Corrects Armenia's 2007 Economic Growth Indicator

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  • EBRD Corrects Armenia's 2007 Economic Growth Indicator

    EBRD CORRECTS ARMENIA'S 2007 ECONOMIC GROWTH INDICATOR

    ARKA
    Feb 25, 2008

    YEREVAN, February 25. /ARKA/. European Bank for Reconstruction and
    Development corrects Armenia's economic growth indicator for 2007.

    EBRD Yerevan office says in the press release sent Monday to
    Novosti-Armenia News Agency that the bank voices regret at the
    inaccuracy made in its report - 8.5% GDP growth was mentioned instead
    of 13.8%.

    According to the press release given to media outlets on Monday,
    during the EBRD report presentation in Yerevan, expected real GDP
    growth is 8.5% in 2007 against 13.4% in 2006.

    Official figures show that 13.7% economic growth was recorded in
    Armenia in 2007, compared with 2006.

    GDP totaled 3139353.9 million (in current prices) in 2007.

    GDP index deflator was recorded at 103.9% and per-capita GDP $2844
    in 2007.

    Ten-percent economic growth is planned for 2008.
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