Wednesday, January 11 2017 17:05
Alina Hovhannisyan

In Jan-Nov 2016 services in Armenia accelerated y-o-y growth from 3% to 8%

In Jan-Nov 2016 services in Armenia accelerated y-o-y growth from 3% to 8%

ArmInfo. In Jan-Nov 2016, services in Armenia grew by 8% versus Jan-Nov 2015, and amounted to 1.1 trillion AMD ($ 2.4 bln), versus 3% growth a year before. In November alone, the indicator dropped by 5.2% to 108.1 bln AMD ($226 mln).

The National Statistics Service of Armenia reports that services in education grew by 4.1% versus 2.6% decline a year ago, healthcare - by 2.4% versus 4.1% decline a year ago, services in the real estate market - by 6.3% versus 0.2% decline a year ago, services in information and communication- by 0.1% versus 2.5% decline a year ago, transport-by 21.8% versus 22.5% decline a year ago.  The financial sector  was in the lead in terms of services - 225.5 bln AMD (19.7% of total  services), ensuring 4.4% y-o-y growth with the biggest share here falling on the banks. The  following sectors ranked next: culture, recreation and leisure -  215.3 bln AMD (18.8%) with 24.4% y-o-y growth, information and communications - 196.4 bln AMD  (17.2%) with 0.1%  y-o-y growth, transport - 153.7 bln AMD (13.4%) with 21.8% y-o-y growth, public catering and  tourism - 85.4 bln AMD (7.5%) with 0.2% y-o-y decline.

The average USD/AMD exchange rate made up 478.52 AMD/$1 in November 2016, and 480.27 AMD/$1 in Jan-Nov 2016, versus 480.15 AMD/$1 in November 2015 and 474.46 AMD/$1 in Jan-Nov 2015.

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10 billion

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