ArmInfo. In 2016, services in Armenia grew by 7.1% to 1.2 trillion AMD ($2.6 bln) versus 2.7% growth in 2015. In December 2016 alone, services rose by 10.9% to 120.7 bln AMD ($250 mln).
The National Statistical Service of Armenia reports that services in education sector grew by 4.8% versus 2015, healthcare - by 1.8%, real estate - by 5.8%, information and communication - by 0.2%, transport - by 17.9%, administrative activities - by 2.7%, public catering - by 0.1%, and the services in the financial and insurance sector rose by 3.9%.
The services in the financial sector amounted to 246.9 bln AMD (19.5% of the total amount), with the major part of services provided by banks. Services in culture, entertainment and recreation totaled 236.2 bln AMD (18.7%); information and communication - 219.7 bln AMD (17.4%); transport - 168.4 bln AMD (13.3%); public catering and tourism - 94.4 bln AMD (7.5%).
The average AMD/USD exchange rate was 482.84 AMD/$1 in Dec 2016 and 480.49 AMD/$1 in Jan-Dec 2016, versus 482.93 AMD/$1 in Dec 2015 and 477.92 AMD/$1 in Jan-Dec 2015.
