GDP GROWS BY 13% IN ARMENIA IN JANUARY-OCTOBER 2006 ON SAME
PERIOD OF LAST YEAR
20-11-2006 18:30:00 | Armenia | Economy
YEREVAN, NOVEMBER 20, NOYAN TAPAN. In January-October 2006,
Armenia's GDP made 2 trillion 31 billion drams (about 5.42 bln
USD), exceeding by 13% the respective index of last year.
According to the RA National Statistical Service, the GDP
index-deflator made 104.8%.
The industrial production amounted to 523 bln 619.6 mln
drams in January-October 2006, declining by 0.9% on the same
period of 2005, the industrial production with diamond
production made 521 bln 247.7 mln drams, growing by 1.7%. The
gross agricultural output made 465 bln 520 mln drams, growing by
0.1% on January-October of last year. Construction amounted to
458 bln 605.7 mln drams, growing by 38.8%.
In the period under review, Armenia's foreign trade made 2
bln 536.2 mln USD, exceeding by 14.3% the respective index of
last year. The same indices without diamonds made 2 bln 144.2
mln USD and 20% respectively. Exports made 810.9 mln USD,
growing by 2.3%, exports without diamomds - 605.8 mln USD,
growing by 5.4%. Imports made 1 bln 725.2 mln USD, growing by
20.9%, imports without diamonds - 1 bln 538.4 mln USD, growing
by 28.8%.
Retail trade amounted to 607 bln 577 mln drams, exceeding
by 10.3% the index of the same period of last year, services
made 382 bln 340.5 mln drams, or by 22.4% more.
The consumer price index made 102.5% and the index of
manufacturers' production prices - 96.9% in January-October of
this year.
The average monthly salary made 61,917 drams in Armenia in
January-October 2006, exceeding by 22.5% the index of the same
months of last year. These indices with respect to employees of
budgetary institutions made 43,721 drams and 25.2%, with respect
to employees of non-budgetary institutions - 75,335 drams and
20% respectively. The monetary incomes of the population made 1
trillion 360 billion drams or by 19.7% more, while monetary
expenditures - 1 trillion 695 billion drams or by 20% more.
The average exchange rate of the Armenian dram against the
US dollar made 425.17 drams in January-October 2006 compared
with 457.69 drams in January-December of last year.