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Armenia's Economic Growth In Leading Positions: AEPLAC

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  • Armenia's Economic Growth In Leading Positions: AEPLAC

    ARMENIA'S ECONOMIC GROWTH IN LEADING POSITIONS: AEPLAC

    ARKA
    Nov 19, 2008

    YEREVAN, November 19. /ARKA/. Armenia's economic growth has leading
    positions in the world, Gagik Gabrielyan, head of the economic group
    of AEPLAC (Armenian-European Policy and Legal Advice Centre), said
    today, quoting the Armenian Economic Trends: 2007 Annual Report.

    According to the International Monetary Fund (IMF), last year Armenia
    ranked sixth among 181 countries in terms of a two-digit growth in GDP.

    Armenia recorded 13.8% economic growth in 2007 - a double increase
    compared to 2001, Gabrielyan said, adding Armenia ranked 82nd (sixth
    in the CIS) in terms of the purchasing power parity (PPP) of $5,711
    worth GDP per capita.

    The nominal value of Armenia's GDP totalled $9,204mln (â~B¬6,731mln)
    between January and September 2008, with GDP per capita amounting to
    $2,853 (â~B¬2,086).

    Armenia saw 10.3% year-on-year economic growth between January and
    August 2008, with $2,187 (â~B¬1,427) GDP per capita. The country
    expects 9.2% economic growth in 2009.

    The structure and content of AEPLAC's annual economic reports are in
    line with the requirements of traditional macroeconomic reports. They
    provide an in-depth analysis of the annual macroeconomic developments
    of Armenia.

    --Boundary_(ID_knelkwYau/2ExohMahZzEA)--
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