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ARMENIAN FINANCE MINISTRY FORECASTS $30.6 BLN GDP IN 2025
Interfax, Russia
March 11, 2013 Monday 5:28 PM MSK
The Armenian Finance Ministry predicts real GDP will grow 6.5% in
2025, compared to 7% in 2012, the ministry said on its website in
its Strategic Development Program for 2012-2025.
GDP is expected to grow from $10.4 billion in 2012 to $30.6 billion
in 2025 and per capita GDP is predicted to grow from $3,400 to $10,000.
The Finance Ministry projects that government debt will fall from 45.7%
of GDP to 33.1% of GDP.
The program says that investment will grow from 26.1% of GDP in 2012 to
27.5% of GDP in 2025. Budget revenue is to go up from 22.7% to 27.6%
of GDP and spending from 25.9% to 29.1%. Industry will account for
22.4% of GDP in 2025, up from 16.8% in 2012, agriculture for 14.2%,
down from 20.1%, and services for 42.4%, up from 40%.
Economic growth in 2012 was 7.2%, according to preliminary figures,
compared to 4.6% growth in 2012. Government debt reached $4.37 billion,
or 42.6% of GDP. The finalized macroeconomic indicators for 2012 will
be announced in the next month or two.
me
Interfax, Russia
March 11, 2013 Monday 5:28 PM MSK
The Armenian Finance Ministry predicts real GDP will grow 6.5% in
2025, compared to 7% in 2012, the ministry said on its website in
its Strategic Development Program for 2012-2025.
GDP is expected to grow from $10.4 billion in 2012 to $30.6 billion
in 2025 and per capita GDP is predicted to grow from $3,400 to $10,000.
The Finance Ministry projects that government debt will fall from 45.7%
of GDP to 33.1% of GDP.
The program says that investment will grow from 26.1% of GDP in 2012 to
27.5% of GDP in 2025. Budget revenue is to go up from 22.7% to 27.6%
of GDP and spending from 25.9% to 29.1%. Industry will account for
22.4% of GDP in 2025, up from 16.8% in 2012, agriculture for 14.2%,
down from 20.1%, and services for 42.4%, up from 40%.
Economic growth in 2012 was 7.2%, according to preliminary figures,
compared to 4.6% growth in 2012. Government debt reached $4.37 billion,
or 42.6% of GDP. The finalized macroeconomic indicators for 2012 will
be announced in the next month or two.
me