{"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":"

YEREVAN, January 13. \/ARKA\/.<\/strong> Armenia’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

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

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

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

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":"

Armenia’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":["post-104890","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-balance-of-payments","tag-deficit","tag-336"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t