Armenia Economic Activity Index Grows 7,8%

The economic activity index of Armenia grew 7,8% in 2019 January-December compared to the previous year, the Statistics Committee said in a report.

During the reporting period the volume of industrial output grew 9%, the gross agricultural production dropped 4,2%, construction grew 4,6% and trade turnover grew 8,9%. Volume of services grew 15%.

Consumer price index increased 1,4%, while the industrial product price index 0,5%.

Electricity production dropped 1,9%. Average monthly wages grew 5,8% – totaling 182750 drams (8,4% increase in public sector and 3,8% increase in private sector).

The volume of foreign trade turnover grew 10,4% (exports grew 9,4% and imports grew 10,8%).


Edited and translated by Stepan Kocharyan


Source: Yerakouyn

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