Armenia shows 7.2% year-on-year economic growth in Jan-Apr 2010

Armenia shows 7.2% year-on-year economic growth in Jan-Apr 2010
ARKA, 31.05.2010

Armenia showed 7.2% year-on-year economic growth in Jan-Apr 2010, National Statistical Service of Armenia reports.

The country’s GDP amounted to AMD 777558.4 million, and year-on-year deflator index was 110.2% in the mentioned period.

According to the statistical report, 6.4% year-on-year gross added value growth in Jan-Apr 2010 (against 7.9% drop in Jan-Apr 2009) contributed 5.5 percentage points to real GDP, and 12.2% year-on-year growth in tax receipts at the mentioned period (against 17.7% reduction a year earlier) spurred GDP growth by 1.7 points (against 2.8% curbing effect in Jan-Apr 2009).

Construction, with its 19.1% rally in Jan-Apr 2010, added 1.4 percentage points to GDP growth, while at the same period a year earlier, the sector slowed down it by 4.8 points.

Industry’s nine-percent growth contributed 1.6 points to GDP against 2.3% stemming effect a year earlier.

Instead, agriculture, forestry and fishery’s 0.9% decline curbed GDP growth by 0.1 points.

Financial and real estate sectors, with their 14.6% growth, propelled GDP growth by 1.8%.

Gross added value’s share in GDP was 85.4% in Jan-Apr 2010 against 86.1% at the same period a year before.

Industry, including energy, had 20.1% in GDP in Jan-Apr 2010 against 17.6% a year earlier.

Agriculture, forestry and fishery’s share in GDP was 7.9% and construction sector’s 7.6%.

The share of trade, cars, transport and communications was 25.3% and services 53%.

Taxes, excluding subsidies, made up 14.6% of GDP.

Per-capita GDP amounted to AMD 239175 or $619 (€450) in Jan-Apr 2010.

Armenia’s economy declined 9.4% in Jan-Apr 2009.

In the 2010 government budget, GDP growth is planned at 1.2%. ($1=　AMD 379.94) M.V.-0--