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GDP Of Armenia Grows By 9.3% In January-April 2008 On Same Months Of

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  • GDP Of Armenia Grows By 9.3% In January-April 2008 On Same Months Of

    GDP OF ARMENIA GROWS BY 9.3% IN JANUARY-APRIL 2008 ON SAME MONTHS OF 2007

    Noyan Tapan
    http://www.nt.am/news.php?shownews=113575
    Ma y 20, 2008

    YEREVAN, MAY 20, NOYAN TAPAN. Armenia's GDP grew by 9.3% in
    January-April 2008 on the same period of 2007 and made 696 bln 104.7
    mln drams (about 2 bln 257.9 mln USD). The GDP index-deflator made
    106.8%.

    According to the RA National Statistical Service, industrial production
    grew by 0.1% in Armenia in January-April 2008 on the same months of
    2007 and made 226 bln 590.6 mln drams.

    The gross agricultural output increased by 1.3% to 64 bln 164.5
    mln drams, construction - by 16.8% to 71 bln 132.9 mln drams, retail
    trade - by 3.5% to 253 bln 592.1 mln drams, and services grew by 11.2%
    to 171 bln 740.8 mln drams.

    Armenia's foreign trade grew by 28.3% as compared with January-April
    of last year and made 1 bln 531.4 mln USD, with exports growing by 4.4%
    to 337.2 mln USD, imports - by 37.2% to 1 bln 194.2 mln USD.

    Consumer prices rose by 8.6%, industrial production prices - by 3.1%
    in January-April 2008 on January-April 2007.

    The number of officially registered unemployed persons declined
    by 11.6% in late April 2008 on the same date of 2007 and made 76.3
    thousand.

    The average monthly nominal salary made 85.72 thousand drams in the
    first four months of 2008 (22.3% growth on the same period of last
    year), including the salary of employees of budgetary institutions
    - 61.101 thousand drams (17.8% growth) and that of employees of
    nonbudgetary institutions - 107.293 thousand drams (23% growth). The
    average exchange rate of a US dollar made 308.3 drams in January-April
    2008. The same index in 2007 made 342.08 drams.
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