Wednesday, July 5 2017 12:42
Karine Melikyan

For 10 years, $ 8.9 billion flowed from Armenia and almost a third of them to Russia

For 10 years, $ 8.9 billion flowed from Armenia and almost a third of them to Russia

ArmInfo. Over the past 10 years, transfers of natural persons from Armenia flowed under $ 8.9 billion, of which 26.7% or $ 2.4 billion to Russia. Against this backdrop, the 10-year inflow of transfers of natural persons looks much more impressive - $ 19.6 billion, of which 67.4% or $ 13.2 billion went to Armenia from Russia.

As a result, the net inflow was $ 10.7 billion.  According to the Central Bank of Armenia, in January-May 2017, for transfers of natural persons to Armenia, $ 577.2 million was received with the release of annual dynamics from the 6.2% decline by 18.5% growth, and $ 356.7 million under the growth of annual growth from 10 , 5% to 13.6%. The share of Russia in the inflow was 54.3%, and in the outflow - 40.4%, against respectively 54.7% and 46.7% a year earlier. Five years earlier (January-May 2012), Russia's share in the inflow was 67.5%, and in the outflow - 24.5%. In the inflow, the volume of transfers from Russia increased in January-May 2017 by 17.8% per annum - up to $ 313.4 million, and in the outflow, on the contrary, there was an annual decline in transfers to Russia - by 1.8% to $ 144 million. In May 2017 by May In 2016, the total inflow of transfers of individuals to Armenia increased by 41.5% (against 17% decline a year earlier), and the total outflow increased by 28.6% (against 14.6% growth a year earlier).

According to the National Statistical Service of Armenia, economic activity in January-May 2017 increased by 6.4% per annum, with exports growing by 20.9% and imports - by 24.4%. A year earlier, in January- May 2016 there was an acceleration in economic activity growth to 5.5% from 2.7% in January-May 2015, with the export dynamics coming out of the 15.2% decline by 20.1% growth and Import - from 38% decline to 0.9% growth.

It should be noted that in January-December 2016, the inflow of transfers of natural persons to Armenia decreased by 6.1% per annum to $ 1.5 billion, with an outflow of 7.4% per annum up to $ 817 million. As a result, the net inflow of transfers of individuals decreased by 17% 8% per annum. The inflow of transfers from Russia to Armenia decreased by 11.1% in 2016 to $ 896.9 million, with an outflow of 16.5% to $ 333.4 million, which resulted in a net inflow of transfers from Russia at $ 563.5 million with an annual decline of 22% . In the inflow and outflow of transfers of the dominant, Russia remains at the end of 2016 - 58.5% and 40.8%, against 61.8% and 37.6% a year earlier. In 2015, the inflow of transfers of individuals to Armenia decreased by 23.5%, with the outflow down 16.2%. In 2015, the inflow of transfers from Russia to Armenia decreased by 36.1%, with an increase in the outflow from Armenia to Russia by 0.7%. By the end of 2015, Russia's dominant share in the inflow and outflow has significantly dropped from the level of 2014 - 83% and 59.8%.  According to the National Statistical Service of Armenia, economic activity in 2016 slowed the growth rate from 3.2% to 0.2%. At the same time, foreign trade turnover improved dynamics in 2016 from a 20.6% decline to a 7.4% growth, due to exports from the 3.9% decline to a 20% growth and imports from 26, 5% decline in 1.6% growth.

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