ArmInfo. In Jan-Aug of 2016, the service sector in Armenia experienced an 8% growth year over year to 802.1bln drams ($1.6mln) versus 2.2% growth a year before. The revenues of the sector increased 5% to 112bln AMD ($235.6 mln) in August 2016 versus 4% decline in July.
According to the National Statistics Service of Armenia, in the Jan-Aug of 2016 versus the same period of 2015, services on the real estate market grew by 6.2% (versus 3.6% decline a year before), transport services grew 23.7% after dramatic decline by 25.9%; information and communication services fell 0.26% after 2.7% decline a year before. Administrative and support services fell 1.6% versus 8.4% decline a year before. Healthcare services increased 0.9% after 5.6% decline a year before. In the meantime, services in the education sector grew 4.6% after 4% decline a year before. The financial sector took the lead in terms of services, amounting to 160.8 bln AMD (20.1% of the total, a 2.5% y-o-y growth), with the major part of the services provided by the banks. The following sectors ranked next: culture, entertainment, and recreation - 153.3 bln AMD (19.1% of the total); information and communications - 141bln AMD (17.6%, 0.5% decline); transport - 107.2 bln AMD (13.4%, 23.7% growth); public catering and tourism - 57bln AMD (7.1% of total, 3% decline).
The average AMD/USD exchange rate was 475.45 AMD/$1 in August 2016 and 481.89 AMD/$1 in Jan-Aug 2016 versus 479.78 AMD/$1 in August 2015 and 477.29 AMD/$1 in Jan-Aug 2015.
RUB | 4.17 | -0.05 |
USD | 387.81 | -0.27 |
EUR | 415.62 | -0.67 |
GBP | 485.89 | 0.32 |
CAD | 284.05 | -0.11 |
JPY | 24.88 | 0.13 |
CNY | 53.56 | 0.01 |
CHF | 425.46 | 0.12 |