highest economic activity indicator
Armenia has ended the year 2017 with the highest economic activity indicator for the last five years

According to the National Statistical Service, it rose 7.7% in 2017, compared with the previous year. Economic activity was recorded at 7.2% in 2012, 3.5% in 2013, 4.1% in 2014, 3% in 2015 and 0.7% in 2016. 

The 2017 economic activity growth was fueled by industry (12.6% growth to AMD
1 660.9 billion), trade (14% growth to AMD 2 602.1 billion), services (14.4% to AMD
1 453.5 billion) and construction (2.2% to AMD 415.8 billion).   

Gross agriculture product shrank 3% to AMD 906.7 billion in 2017. Year-on-year inflation was recorded at 1% in Jan-Dec 2017, and a 12-month inflation at 2.6%. In the 2017 government budget, inflation is projected at 4% (±1.5%).

Armenia’s exports totaled $2 242.9 million in 2017 hitting the record high since its independence declaration in 1991, the National Statistical Service reports. Armenia’s exports have grown 25.2% in 2017, compared to the previous year.

Imports in 2017 grew 27.8% to $4.14 billion. As a result, the country’s trade turnover amounted to $6.4 billion (26.9% growth) hitting the record high.


Source: arka.am

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