ARMENIAN GDP GROWS BY 13.4% IN 2006<br />


ARMENIAN GDP GROWS BY 13.4% IN 2006

  • 19-01-2007 18:30:00   | Armenia  |  Economy
YEREVAN, JANUARY 19, NOYAN TAPAN. In 2006, Armenian GDP made 2 trillion 665 billion 663.4 million drams (over 6 bln 407 mln USD calculated at the average exchange rate of 416.04 drams in the indicated period) at market prices, which exceeds by 13.4% the respective index of the previous year. According to the RA National Statistical Service, the GDP index-deflator made 104.8%. Industrial production amounted to 643 bln 503.7 mln drams in 2006, declining by 0.9% on the previous year, industrial production without diamond production - to 640 bln 696.7 mln drams, growing by 2.3%. Gross agricultural output made 555 bln 922.3 mln drams, growing by 0.4% on the previous year, construction made 623 bln 111.5 mln drams, growing by 37.1%. In 2006, Armenia's foreign trade made 3 bln 198 mln USD or by 15.2% more than in the previous year. These indices without diamonds made 2 bln 729.4 mln USD and 21.7%. Exports amounted to 1 bln 4 mln USD, growing by 3.1%, exports without diamonds - 758.4 mln USD, growing by 6.7%. Imports made 2 bln 194.3 mln USD, growing by 21.8%, imports without diamonds - 1 bln 971 mln USD, growing by 28.7%. Retail trade made 820 bln 816.7 mln drams in 2006, which exceeds by 10.5% the previous year's index, while services amounted to 474 bln 716.9 mln drams, increasing by 20.2%. The consumer price index made 102.9% in 2006 compared with the previous year, the index of manufacturers' production prices - 96.8%. Last year the average nominal monthly salary in Armenia made 64.001 thousand drams or by 23.5% more than in the previous year. These indices with respect to employees of budgetary institutions made 45.130 thousand drams and 125.8%, with respect to employees of non-budgetary institutions - 77.883 thousand drams and 21.2%. The budgetary monetary revenues amounted to 1 trillion 721 billion 466.9 million drams or by 19.8% more, while monetary expenditures - to 1 trillion 649 billion 900 million drams, or by 19% more. The average exchange rate of the Armenian dram against the US dollar made 416.04 drams in 2006 against the average exchange rate of 457.69 drams in the previous year.
  -   Economy