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Armenia's Economic Growth Ranks Second In CIS

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  • Armenia's Economic Growth Ranks Second In CIS

    ARMENIA'S ECONOMIC GROWTH RANKS SECOND IN CIS

    Tert.am
    11:00 05.09.11

    Armenia's economy performed well in January-July 2009, according to
    the CIS Interstate Statistical Committee.

    With a 12.4% economic growth rate, the country ranks the second on
    the CIS territory. The first country in the list is Kazakhstan whose
    economic growth was estimated at 15.1%.

    The lowest growth ~V 2.3% - was recorded in Azerbaijan.

    As for the industrial output, it grew 10.9% in Belarus, 4.8% in
    Kazakhstan, 9.1% in Moldova (in the first six months of 2011), 5.3%
    in Russia, 5.2% in Tajikistan, 6.8% in Uzbekistan (in the first six
    months of 2011) and 8.7% in Ukraine. As to Turkmenistan, no records
    are available about the country.

    In the first seven months of 2011, the overall industrial output of
    the CIS countries had grown by 5.9% compared to the same period 2010.

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