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Armenia Shows 7.2% Year-On-Year Economic Growth In Jan-Apr 2010

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  • Armenia Shows 7.2% Year-On-Year Economic Growth In Jan-Apr 2010

    ARMENIA SHOWS 7.2% YEAR-ON-YEAR ECONOMIC GROWTH IN JAN-APR 2010

    ARKA
    May 31, 2010
    YEREVAN

    YEREVAN, May 31. /ARKA/. Armenia showed 7.2% year-on-year economic
    growth in Jan-Apr 2010, National Statistical Service of Armenia
    reports.

    The country's GDP amounted to AMD 777558.4 million, and year-on-year
    deflator index was 110.2% in the mentioned period.

    According to the statistical report, 6.4% year-on-year gross added
    value growth in Jan-Apr 2010 (against 7.9% drop in Jan-Apr 2009)
    contributed 5.5 percentage points to real GDP, and 12.2% year-on-year
    growth in tax receipts at the mentioned period (against 17.7%
    reduction a year earlier) spurred GDP growth by 1.7 points (against
    2.8% curbing effect in Jan-Apr 2009).

    Construction, with its 19.1% rally in Jan-Apr 2010, added 1.4
    percentage points to GDP growth, while at the same period a year
    earlier, the sector slowed down it by 4.8 points.

    Industry's nine-percent growth contributed 1.6 points to GDP against
    2.3% stemming effect a year earlier.

    Instead, agriculture, forestry and fishery's 0.9% decline curbed GDP
    growth by 0.1 points.

    Financial and real estate sectors, with their 14.6% growth, propelled
    GDP growth by 1.8%.

    Gross added value's share in GDP was 85.4% in Jan-Apr 2010 against
    86.1% at the same period a year before.

    Industry, including energy, had 20.1% in GDP in Jan-Apr 2010 against
    17.6% a year earlier.

    Agriculture, forestry and fishery's share in GDP was 7.9% and
    construction sector's 7.6%.

    The share of trade, cars, transport and communications was 25.3%
    and services 53%.

    Taxes, excluding subsidies, made up 14.6% of GDP.

    Per-capita GDP amounted to AMD 239175 or $619 (â~B¬450) in Jan-Apr
    2010.

    Armenia's economy declined 9.4% in Jan-Apr 2009.

    In the 2010 government budget, GDP growth is planned at
    1.2%. ($1=ã~@~@AMD 379.94) M.V.




    From: A. Papazian
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