{"id":104890,"date":"2017-01-13T14:17:46","date_gmt":"2017-01-13T14:17:46","guid":{"rendered":"https:\/\/armbanks.am\/2017\/01\/13\/245757\/"},"modified":"2024-12-15T13:27:20","modified_gmt":"2024-12-15T13:27:20","slug":"armenias-current-account-deficit-of-balance-of-payments-slashes-10-times-over-last-5-years","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/01\/13\/104890\/","title":{"rendered":"Armenia\u2019s current account deficit of balance of payments slashes 10 times over last 5 years"},"content":{"rendered":"<p><strong>YEREVAN, January 13. \/ARKA\/.<\/strong> Armenia&#8217;s current account deficit of the balance of payments in January-September 2016 dropped by $75.29 million from the year before to $110.03 million, the National Statistical Service (NSS) said.<\/p>\n<p>In Armenia imports exceeded exports 2-3 times for many years, resulting in a current account deficit of the balance of payments worth more than $1 billion.<\/p>\n<p>For example, at the end of 2011 the deficit was about $1.2 billion, however, in 2013 current account deficit of the balance of payments fell to $839.24 million. In 2015 alone this figure slashed by $569.78 million to $279.30 million. As a result, over the past 5 years, the current account deficit of balance of payments decreased by 10 times.<\/p>\n<p>It should be noted that the reduction was due to a huge decline in imports in 2015, as well as to unprecedented growth of exports in 2016.<\/p>\n<p>According to NSS, imports in 2015 decreased by 26.5% to $3.254 billion, while exports fell by 3.9% to $1.487 billion. In the first 11 months of 2016 exports rose by 21.2% to $1.621 6 billion, while imports grew by only 2% to $2.954 6 billion. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia&#8217;s current account deficit of the balance of payments in January-September 2016 dropped by $75.29 million from the year before to $110.03 million, the National Statistical Service (NSS) said<\/p>\n","protected":false},"author":1,"featured_media":176794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,14352,12497,336],"class_list":{"0":"post-104890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-balance-of-payments","11":"tag-deficit","12":"tag-336"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=104890"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/176794"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=104890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=104890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=104890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}