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GDP: Armenia Beats Azerbaijan

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  • GDP: Armenia Beats Azerbaijan

    GDP: ARMENIA BEATS AZERBAIJAN

    news.am
    May 4 2010
    Armenia

    The CIS Statistical Committee has released a report on the key
    economic indices in the Commonwealth of Independent States (CIS)
    for January-March, 2010.

    Armenia registered a GDP growth rate of 105.5% thereby leaving behind
    Azerbaijan (105.4%), Belarus (104%) and Russia (104.5%).

    Relatively high GDP growth rates were registered in Kazakhstan
    (106.6%), Tajikistan (106.8%) and Uzbekistan (107.6%). No information
    on Moldova, Ukraine and Turkmenistan is available.

    As regards the industrial production index, Armenia registered 110.4%
    and thus remained behind Kazakhstan (111.5%), Tajikistan (116.5%),
    and Kyrgyzstan (178.8%). In the last case, the high index is accounted
    for by the re-operation of the Kumtor gold mine.

    As regards the consumer price index, Armenia registered 108.4%, with a
    "better" index registered in Ukraine (111.2%). The lowest inflation
    rate (102.6%) was registered in Kyrgyzstan (102.6%).

    Armenia registered the best freight traffic index (121.1%).

    All the CIS countries (except for Turkmenistan and Uzbekistan, with
    no information on them available) registered two-digit increase in
    exports his January-March. An average increase of 156.8% in exports
    was registered in the CIS, with an increase of 109.3% in imports
    registered (116.8% in Armenia).
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