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Armenian Economy Grows 9.3% In Jan-April

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  • Armenian Economy Grows 9.3% In Jan-April

    ARMENIAN ECONOMY GROWS 9.3% IN JAN-APRIL

    Interfax News Agency
    June 2 2008
    Russia

    Armenia's GDP grew 9.3% year-on-year in the first four months of 2008,
    and measured 696.1 billion dram ($2.3 billion), the National Statistics
    Service reported.

    The construction sector expanded 16.8% to 71.1 billion dram, and
    the service sector grew 11.2% to 172 billion dram, while industrial
    production edged up 0.1% to 227 billion dram.

    The country increased electricity production by 3.9% to 2.145
    billion kWh.

    The foreign trade turnover grew 28.3% year-on-year to 472.3 billion
    dram ($1.531 billion) in the four months, as exports rose 4.4% to
    104 billion dram ($337.2 million) and imports jumped 37.2% to 368.3
    billion dram ($1.194 billion).

    The official exchange rate for May 30 was 305.52 dram/$1.

    From: Emil Lazarian | Ararat NewsPress
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