YEREVAN, December 1. \/ARKA\/. Armenia faced 17.5% economic decline in Jan-Oct 2009, compared with the same period a year before, National Statistical Service reports.<\/p>\n
GDP amounted to AMD 2466.3 billion and the Jan-Oct deflator index compared with the same period of the previous year was recorded at 82.5%.<\/p>\n
According to the statistical report, 16.8% gross VAT reduction (against 7.7% growth in Jan-Oct 2008) curbed GDP growth by 14.9 percentage points, and 23% decrease in tax receipts (against 23.1% in Jan-Oct 2008) slowed down GDP growth by 2.3 points, while in Jan-Oct 2008, tax inflow added 2.2 points to it.<\/p>\n
The statistical report says 48.8% decline in the construction sector lowered GDP growth indicator of Jan-Oct 2009 by 13.5 points, while at the same period a year earlier construction added 3.2 points to it.<\/p>\n
Official figures show that 10.7% decline in industry, including energy sector, hobbled GDP growth by 1.5 points against 0.7-percent favorable impact a year earlier.<\/p>\n
Agriculture, forestry and fishery with their 0.8% decline had 0.1-percent adverse impact on real GDP growth against 0.4-percent contribution to it a year before.<\/p>\n
The financial sector\u2019s 0.3% rally in realty deals had no impact on GDP, while in Jan-Oct 2008 it propelled its growth by 1.1 points.<\/p>\n
VAT had 89.3% in GDP in Jan-Oct 2009 against 88.8% a year before.<\/p>\n
Industry, including energy, constituted 13.7% against 13.4%, agriculture, forestry and fishery 16.4% and construction 18.1% of the Jan-Oct 20009 GDP.<\/p>\n
The share of trade, cars, transport and communications in GDP is 20.3% and services as a whole constitute 43.3%.<\/p>\n
Taxes, excluding subsidies, had 10.7 percent in GDP in Jan-Oct 2009.<\/p>\n
Per-capita GDP amounted AMD 760,499 or $2,117 (\u20ac1,535) at the mentioned period.<\/p>\n
In Jan-Oct 2008 Armenia recorded 9.2% economic growth. ($1 = AMD 385.76). -0–<\/p>\n","protected":false},"excerpt":{"rendered":"
17.5% economic decline recorded in Armenia in Jan-Oct 2009<\/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":[15837,12688,12270,12178,12757],"class_list":{"0":"post-4630","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-armenia-analyst-inflation","10":"tag-decline","11":"tag-economic","12":"tag-usa"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/4630","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=4630"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/4630\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=4630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=4630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=4630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}