{"id":16562,"date":"2010-11-01T13:53:20","date_gmt":"2010-11-01T13:53:20","guid":{"rendered":"https:\/\/armbanks.am\/2010\/11\/01\/231742\/"},"modified":"2024-12-15T12:48:43","modified_gmt":"2024-12-15T12:48:43","slug":"2-8-year-on-year-economic-growth-in-armenia-in-jan-sept-2010","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/11\/01\/16562\/","title":{"rendered":"2.8% year-on-year economic growth in Armenia in Jan-Sept 2010"},"content":{"rendered":"

YEREVAN, November 1. \/ARKA\/. <\/strong>Armenia\u2019s economy grew 2.8% in Jan-Sept 2010, compared with the same period a year earlier, the National Statistical Service of Armenia reports.<\/p>\n

The country\u2019s 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.<\/p>\n

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\u2019s real GDP.<\/p>\n

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.<\/p>\n

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.<\/p>\n

The 9.7% industrial growth, including energy sector\u2019s 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.<\/p>\n

Agriculture, forestry and fishery\u2019s 17.8% decline had a 3.0% adverse impact on the real GDP growth in Jan-Sept 2010.<\/p>\n

Instead, 15.9% growth in finance sector and real estate operations spurred GDP growth by 1.4 points.<\/p>\n

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.<\/p>\n

Industry\u2019s share was 30.4% against 30%, and agriculture, forestry and fishery\u2019s aggregate share 15.8% and construction\u2019s 15.3%.<\/p>\n

Trade, cars and transport made up 21.9% of the country\u2019s GDP at the mentioned period of this year, and services constituted 43.9% of the GDP.<\/p>\n

Taxes less subsidies made up 12% of the GDP.<\/p>\n

Per-capita GDP amounted to AMD 733389 or $1940\/\u20ac1473 in Jan-Sept 2010.<\/p>\n

Armenia faced 16.5% economic decline in Jan-Sept 2009.<\/p>\n

In the 2010 government budget, GDP growth is projected at 1.2%. ($1 = AMD 358.21). -0–<\/p>\n

MACROECONOMIC INDICATORS OF ARMENIA (Jan<\/strong>–<\/strong>Sept<\/strong> 2010)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Economic indicators<\/td>\nJan-Sept 2010<\/td>\nJan-Sept 2010 compared with Jan-Sept 2009<\/p>\n

(%)<\/td>\n

Sept<\/p>\n

2010 compared with July 2010 (%)<\/td>\n<\/tr>\n

Gross Domestic Product, AMD mln:<\/td>\n<\/tr>\n
In market prices<\/td>\n2,386,668.4<\/td>\n102.8<\/td>\n75.4<\/td>\n<\/tr>\n
In basic prices<\/td>\n2,099,212.8<\/td>\n101.1<\/td>\nx<\/td>\n<\/tr>\n
GDP Index-deflator, %<\/td>\nx<\/td>\n109.8<\/td>\nx<\/td>\n<\/tr>\n
Industrial production volume, AMD mln<\/td>\n579,140.7<\/td>\n110.9<\/td>\n100.1<\/td>\n<\/tr>\n
Electricity generation, mln kW\/h<\/td>\n4,958.0<\/td>\n119.4<\/td>\n97.9<\/td>\n<\/tr>\n
Gross agricultural product, AMD mln<\/td>\n426,677.9<\/td>\n82.1<\/td>\n128.3<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Construction, AMD mln<\/td>\n356,365.5<\/td>\n94.8<\/td>\n119.9<\/td>\n<\/tr>\n
Foreign trade turnover, mln USD, including:<\/td>\n3,383.7<\/td>\n123.6<\/td>\n104.2<\/td>\n<\/tr>\n
Exports<\/td>\n705.3<\/td>\n143.9<\/td>\n125.1<\/td>\n<\/tr>\n
Imports<\/td>\n2,678.4<\/td>\n119.2<\/td>\n98.7<\/td>\n<\/tr>\n
Foreign trade turnover, mln AMD, including:<\/td>\n106,048<\/td>\n107.9<\/td>\n102.0<\/td>\n<\/tr>\n
Exports<\/td>\n751,838.5<\/td>\n100.4<\/td>\n107.1<\/td>\n<\/tr>\n
Imports<\/td>\n571,923.4<\/td>\n107.4<\/td>\n103.1<\/td>\n<\/tr>\n
Average monthly salary of one employee, AMD<\/td>\nx<\/td>\n107.8<\/td>\n99.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

National Statistical Service of Armenia<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenia\u2019s economy grew 2.8% in Jan-Sept 2010, compared with the same period a year earlier.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12172,15419,336],"class_list":["post-16562","post","type-post","status-publish","format-standard","category-economy-en","category-news","tag-armenia-2","tag-growth-2","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