Armenian GDP in 2010 January grows by 2.4 percent year-on-year

Armenian GDP in 2010 January grows by 2.4 percent year-on-year
ARKA, 01.03.2010

Armenia’s economy in 2010 January grew by 2.4% if compared to 2009 January, the National Statistical Service reported. The overall GDP in current prices totaled 149.5 billion Drams, the GDP deflator index was 110.5% against 2009 January.

According to official figures, construction sector grew by 5% resulting in a 0.4 percentage point upward impact on the GDP, as much as in 2009 January. The 1.9% industrial output growth resulted in a 0.4 percentage point upward effect on the GDP, against 1.5 percentage point restricting impact in 2009 January.

Agriculture, forestry and fishery sectors grew by 1.3% resulting in a 0.3 percentage point upward effect on the GDP. The 2.7% growth in financial sector and real estate transactions had a 0.3% upward impact on the GDP.

The share of gross added value in the GDP in 2010 January was 81.1% against 81.5% in 2009 January. The share of industrial output, energy sector including, comprised 22.5%, up from 20.3% in 2009 January. The share of agriculture, forestry and fishery constituted 9.1% and that of construction -6.8%. The share of trade, vehicles , transport and communications was 25.9% and that of services-46.4%. Taxes less subsidies made 18.9% of the overall GDP.

Per capita GDP was 45, 987 Drams or $122 or €85. Armenian economy in 2009 January fell by 0.7%. The government projects a 1.2% economic growth in 2010. ($1- 384.37 Drams).