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Armenia has highest GDP slump amid CIS states

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  • Armenia has highest GDP slump amid CIS states

    news.am, Armenia
    Feb 6 2010

    Armenia has highest GDP slump amid CIS states


    19:30 / 02/06/2010Summarizing 2009 results, Armenia has the highest
    GDP slump among CIS states with 14.4%.

    According to CIS Interstate Statistical Committee, 9.3% GDP growth was
    registered in Azerbaijan, 8.1% ' in Uzbekistan, 2.3% ' in Kyrgyzstan,
    while 7.9%.- in Russia. On average, GDP reduced by 7% throughout CIS
    states.

    The overall production in Armenia fell by 7.8%, in Belarus ' by 2.8%,
    in Kyrgyzstan ` 6.4%, in Moldova ` 22.2%, in Russia ` 10.8%. In
    Azerbaijan overall production increased by 8.6%, Uzbekistan- by 9%,
    Kazakhstan ` by 1.7%. On the average, overall production reduced by
    10% in CIS states.

    In Armenia retail turnover increased by 1%, whereas in Uzbekistan by
    16.6%, in Tajikistan ' 10.4 % and in Azerbaijan ' 8.9%.

    Average turnover in CIS countries as of Jan.- Dec. 2009 reduced by 6%.

    A.G.
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