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Armenia's GDP In January-September Fallen 18.3 Per Cent

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  • Armenia's GDP In January-September Fallen 18.3 Per Cent

    ARMENIA'S GDP IN JANUARY-SEPTEMBER FALLEN 18.3 PER CENT

    PanARMENIAN.Net
    20.10.2009 16:19 GMT+04:00

    /PanARMENIAN.Net/ Over the nine months of 2009 GDP of Armenia decreased
    by 18.3 per cent to $ 2 trillion 123 billion AMD, the RA National
    Statistical Service published.

    Armenia's economy showed some trends of stabilization, since GDP over
    the first 7 months fall by 18.5 per cent, over the eight months - by
    18.4 per cent. The biggest decline in Armenia's economy was observed
    in construction industry: by 53.8 per cent. The volume of industrial
    production in the country in January-September 2009 reached 459.694
    billion AMD, 11.4 per cent less down compared to the same period of
    2008. The decline in agriculture averaged 2.3 per cent, while in the
    service industry - 1.8 per cent.
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