YEREVAN, November 1. /ARKA/. Armenia’s economy grew 2.8% in Jan-Sept 2010, compared with the same period a year earlier, the National Statistical Service of Armenia reports.
The country’s GDP in current prices amounted to AMD 2386.7 billion, and the year-on-year GDP deflator index was 109.8% in Jan-Sept 2010.
According to the statistical report, the 1.1% year-on-year growth of the gross added value was in Jan-Sept 2010 against 15.8% decline in the same period of the previous year added 1.0 p.p. to the country’s real GDP.
The 15.9% growth in tax receipts in Jan-Sept 2010 contributed 1.8 percentage points to GDP growth, while a year earlier, 21.5% reduction had 2.5% hobbling effect on it.
The statistical report says that 2.7% construction growth added 0.5 p.p. to GDP growth in Jan-Sept 2010, while at the same period a year earlier this sector curbed the growth by 12.3 percentage points.
The 9.7% industrial growth, including energy sector’s growth, added 1.3 p. p. to GDP growth in Jan-Sept 2010 against 1.5% hobbling impact at the same period of the previous year.
Agriculture, forestry and fishery’s 17.8% decline had a 3.0% adverse impact on the real GDP growth in Jan-Sept 2010.
Instead, 15.9% growth in finance sector and real estate operations spurred GDP growth by 1.4 points.
The share of gross added value in the GDP structure was 88% in Jan-Sept 2010 against 89.1% at the same period a year before.
Industry’s share was 30.4% against 30%, and agriculture, forestry and fishery’s aggregate share 15.8% and construction’s 15.3%.
Trade, cars and transport made up 21.9% of the country’s GDP at the mentioned period of this year, and services constituted 43.9% of the GDP.
Taxes less subsidies made up 12% of the GDP.
Per-capita GDP amounted to AMD 733389 or $1940/€1473 in Jan-Sept 2010.
Armenia faced 16.5% economic decline in Jan-Sept 2009.
In the 2010 government budget, GDP growth is projected at 1.2%. ($1 = AMD 358.21). -0–
MACROECONOMIC INDICATORS OF ARMENIA (Jan–Sept 2010)
| Economic indicators | Jan-Sept 2010 | Jan-Sept 2010 compared with Jan-Sept 2009
(%) |
Sept
2010 compared with July 2010 (%) |
| Gross Domestic Product, AMD mln: | |||
| In market prices | 2,386,668.4 | 102.8 | 75.4 |
| In basic prices | 2,099,212.8 | 101.1 | x |
| GDP Index-deflator, % | x | 109.8 | x |
| Industrial production volume, AMD mln | 579,140.7 | 110.9 | 100.1 |
| Electricity generation, mln kW/h | 4,958.0 | 119.4 | 97.9 |
| Gross agricultural product, AMD mln | 426,677.9 | 82.1 | 128.3 |
| Construction, AMD mln | 356,365.5 | 94.8 | 119.9 |
| Foreign trade turnover, mln USD, including: | 3,383.7 | 123.6 | 104.2 |
| Exports | 705.3 | 143.9 | 125.1 |
| Imports | 2,678.4 | 119.2 | 98.7 |
| Foreign trade turnover, mln AMD, including: | 106,048 | 107.9 | 102.0 |
| Exports | 751,838.5 | 100.4 | 107.1 |
| Imports | 571,923.4 | 107.4 | 103.1 |
| Average monthly salary of one employee, AMD | x | 107.8 | 99.8 |
National Statistical Service of Armenia
