Armenian GDP up 11.7% in Jan-July

Aug 22 2005 11:13AM
Interfax

YEREVAN. Aug 19 (Interfax) - GDP in Armenia in January-July 2005 increased 11.7% year-on-year to 915.2 billion dram, a source in the National Statistics Service told Interfax.

Industrial production in the first seven months of this year increased 6.3% to 361.9 billion dram, with agricultural production up 14.1% to 184.5 billion dram.
Production of electricity increased 4% to 3.83 billion dram.

Construction in January-July increased 26.8% year-on-year to 56.5 billion dram.

Foreign trade increased 29.5% to $1.456 billion.

Armenian GDP increased 10.1% in 2004, with industrial production up 2.1% and agricultural production - 14.5%.

The official exchange rate on August 19 was 464.37 dram to the dollar.

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