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3.4% GDP GROWTH IN ARMENIA IN 2014 MAINLY DUE TO AGRICULTURE SECTOR'S RESULTS
YEREVAN, March 5. /ARKA/. The 3.4% GDP growth recorded in Armenia in
2014 was mainly due to growth in agriculture, forestry and fishery,
which was recorded at 7.8 % against 7.2% in 2013, Lyusya Khachatryan,
head of the National Statistical Service's macroeconomic indicators
unit, said Thursday at a news conference.
She said that the share of these segments of the national economy in
GDP was 19.3% in 2014.
According to statistical reports, Armenia's GDP amounted to AMD 4
trillion 525 billion 875 million in 2014.
Khachatryan said that the processing industry showed a 7.7% growth
in 2014 against 7.1% in 2013, and its share in GDP was 10.1%.
She also said that indicators of some services, for example information
and communication where 10.2% growth was recorded, contributed to
the economic growth as well.
"It should be mentioned that services less trade grew 6.9% in 2014,
and trade rose 0.8%," she said.
Instead, mining industry, construction and electric power, natural gas,
steam and conditioned air supply faced decline.
The National Statistical Service says agriculture sector's gross
output totaled AMD 993.3 billion in 2014 showing 7.2% growth.
Industry accounted for output worth AMD 1 288.1 billion and 2.7%
growth in 2014, processing industry for AMD 844.5 billion and 6.1%
respectively and water supply, cleaning and waste recycling for AMD
18.6 billion and 5.9% growth.
Electric power, natural gas, steam and conditioned air supply accounted
for AMD 231.7 billion and 0.7% decline, construction for AMD 433.2
billion and 4.35 decline and mining industry for AMD 193.2 billion
and 7.4% decline. In the government budget for 2015, economic growth
is projected at 4.1%. --0-----
http://arka.am/en/news/economy/3_4_gdp_growth_in_armenia_in_2014_mainly_due_to_ag riculture_sector_s_results/#sthash.yaaH0qv4.dpuf
From: A. Papazian
YEREVAN, March 5. /ARKA/. The 3.4% GDP growth recorded in Armenia in
2014 was mainly due to growth in agriculture, forestry and fishery,
which was recorded at 7.8 % against 7.2% in 2013, Lyusya Khachatryan,
head of the National Statistical Service's macroeconomic indicators
unit, said Thursday at a news conference.
She said that the share of these segments of the national economy in
GDP was 19.3% in 2014.
According to statistical reports, Armenia's GDP amounted to AMD 4
trillion 525 billion 875 million in 2014.
Khachatryan said that the processing industry showed a 7.7% growth
in 2014 against 7.1% in 2013, and its share in GDP was 10.1%.
She also said that indicators of some services, for example information
and communication where 10.2% growth was recorded, contributed to
the economic growth as well.
"It should be mentioned that services less trade grew 6.9% in 2014,
and trade rose 0.8%," she said.
Instead, mining industry, construction and electric power, natural gas,
steam and conditioned air supply faced decline.
The National Statistical Service says agriculture sector's gross
output totaled AMD 993.3 billion in 2014 showing 7.2% growth.
Industry accounted for output worth AMD 1 288.1 billion and 2.7%
growth in 2014, processing industry for AMD 844.5 billion and 6.1%
respectively and water supply, cleaning and waste recycling for AMD
18.6 billion and 5.9% growth.
Electric power, natural gas, steam and conditioned air supply accounted
for AMD 231.7 billion and 0.7% decline, construction for AMD 433.2
billion and 4.35 decline and mining industry for AMD 193.2 billion
and 7.4% decline. In the government budget for 2015, economic growth
is projected at 4.1%. --0-----
http://arka.am/en/news/economy/3_4_gdp_growth_in_armenia_in_2014_mainly_due_to_ag riculture_sector_s_results/#sthash.yaaH0qv4.dpuf
From: A. Papazian