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5,5% GDP Growth In Armenia In 1Q

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  • 5,5% GDP Growth In Armenia In 1Q

    5,5% GDP GROWTH IN ARMENIA IN 1Q

    ArmInfo
    2010-04-20 17:33:00

    ArmInfo. Armenia's GDP in Jan-Mar 2010, as compared to the similar
    period of 2009, grew by 5,5%, and in March as compared to February -
    by 43,1%. According to the preliminary data of Armenia's National
    Statistical Service, provided to ArmInfo, GDP volume in Jan-Mar 2010
    made up 568.1 bln drams or $1.5 bln in absolute terms. GDP index
    deflator in Jan-Mar grew by 10,2%.

    Among Armenia's economy sectors, growth in 1Q 2010 has been fixed in
    industry - by 10,4%, while in March as compared to February - by 7,7%.

    Production volume in industrial sector as of April 1, 2010, made
    up 177.5 bln drams ($462.1 mln) in absolute terms or 31,2% of GDP
    (ArmInfo). Index of prices of industrial produce in Jan-Mar grew by
    37,7%, and in March as compared to February - by 2,8%. Volume of
    electricity generation for the 1st quarter 2010 grew by 9,8%, and
    in March as compared to February - by 16,1% to 1584.5 mln kWh. 3,2%
    growth has been fixed in agriculture in Jan-Mar, while 14,7% growth
    has been fixed in this sphere in March as compared to February.

    Gross production volume in agriculture in absolute terms by early
    April, 2010, made up 42.5 bln drams ($111 mln). 0,6% fall has been
    fixed in construction in 1Q, and in March as compared to February -
    over twofold growth to 47 bln drams ($122 mln). Retail trade volume in
    Jan-Mar grew by 1% per annum, nd in March as compared to February -
    by 0,5% to 211 bln drams ($549.2 mln). Services to population made
    up 174 bln drams ($453 mln) in absolute terms by later March, having
    grown in March as compared to February by 30,8%, and as compared to
    1Q 2009 - by 6,2%.

    Foreign turnover in 1Q 2010 grew by 29% per annum, and in march as
    compared to February - by 15,4% to $1012.7 mln or 388.7 bln drams. In
    its structure, export in Jan- Mar grew by 60,9%, and in March as
    compared to February - by 11,1%. Import in 1Q grew by 23,1%, and in
    March as compared to February - by 16,5%.

    Inflation in March as compared to December 2009 made up 2,9%, in
    Jan-Mar, as compared to the similar period of the previous year -
    8,4%. AMD settlement rate made up 384,08 AMD/ $1 USD.
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