ArmInfo. In Armenia, economic activity in the first half of 2017 increased by 6.1% per annum against the backdrop of the prevalence of rising import rates over exports. In June 2017. By June 2016 economic activity increased by 5.1%, but only in June 2017 - by 9.1%. As a comparison, we note that a year earlier, in the first half of 2016, by the same period of 2015, economic activity increased by 4.8%, in June compared to June 2015 - by 2.1%, but only in June - by 12.8% %.
According to the preliminary data of the National Statistical Service of Armenia, the growth of economic activity in the first half of the year 2017 caused the trade sector to a greater degree - by 12.6% per annum, the industrial sector - by 12.4%, the services sector - by 10.9%, against which the growth of the energy complex looked Modestly - 5.2% per annum. At the same time, the agricultural sector and the sphere of construction retain a downward trend, respectively by 1.4% and 10% per annum. A year earlier, in the first half of the year in 2016, the industrial sector and the services sector showed a more modest growth - respectively, 8.9% and 8.3% per annum, against which the growth of agriculture looked modest - 3.3%, and trade was in decline - 0.3%, along with the energy complex and the construction sector, respectively, 4.9% and 7.8%.
The industrial production price index rose by 3.8% in the first half of 2017 to the same period of 2016, by 4.9% in June 2017 as compared to June 2016, and by 0.5% only in June 2017. A year earlier, in the first half of 2016, by the same period of 2015, the price index for industrial products fell by 2.4%, in June 2016 by June 2015 - increased by 1.3%, but only in June 2016 increased by 0.1%.
In the same month (June), the agrarian sector gave a decisive impetus to the growth of economic activity - a threefold increase in volume (against 98.3% growth in June 2016), the construction sector with a growth of 28% (against growth of 21.6% % In June 2016), and the trade and services sector is much more modest - 10.4% and 4.8%, respectively (against growth of 15.4% and 11% in June 2016). The industrial sector and the energy complex showed a decline of 3.4% and 1% in June 2017, respectively, while the industrial sector a year earlier in June showed an increase of 11.4%, and the energy complex was in a more significant negative (4.1%).
In the annual context (June 2017 to June 2016), the trade and services sector was leading in terms of growth rates - 11.9% and 10.1%, respectively, which was slightly below the energy complex rate of 9%, while the industrial sector and the agricultural sector showed a more modest and almost the same growth - 3.8% and 3.4% respectively. The scope of construction was distinguished by a minus trend - 4.3%. A year earlier, in June 2016, only the industrial sector showed growth: 8.9% and services - 6.6%, while the rest of the spheres were distinguished by a decline: the agricultural sector - 0.2%, trade - 0.3%, construction - 7.7%, energy complex - 19.9%.
According to statistical data in the first half of the year 2017, the absolute value of leadership is held by the trade sector with a volume of 1.1 trillion AMD ($ 2.3 billion). The second place in terms of volume is the industrial sector - 760.4 billion ($ 1.6 billion), the third - the service sector - 648.7 billion AMD ($ 1.3 billion), the fourth - agriculture - 247.1 billion AMD ($ 510 million), and the fifth - the construction sector - 111.7 billion AMD ($ 230.5 million). The volume of electricity generated in the first half of 2017 was 3794.1 million kWh, of which only in June - 554.8 million kWh.
Armenia's foreign trade turnover in the first half of 2017 was 1363.5 billion AMD ($ 2,815.1 million), with annual growth of 24%. In its structure, the volume of exports has undergone an annual growth of 21% to 481.4 billion AMD ($ 993.9 million), and imports - an annual growth of 25.8% to 882.1 billion AMD ($ 1,821.2 million). Only for June 2017, foreign trade turnover decreased by 13.45% due to a decrease in imports by 17.5% and exports - by 5.1%, and in comparison with June 2016, the growth of foreign trade turnover by 25.2% was driven more by imports - 29%, rather than exports - 19%. A year earlier, in the first half of the year 2016, foreign trade turnover increased by 2.7% per annum due to export growth of 16.7% with a decline in imports of 3.7%, and the June increase in foreign trade turnover by 4.8% was triggered by an increase in exports by 9, 8% and imports - by 2.3%, but as compared to June 2015, the foreign trade turnover decreased by 7.3% due to a decrease in imports by 11.8% with export growth of only 1.2%.
The average calculated exchange rate of the AMD in June 2017 was 481.52 AMD/USD1, and in the first half-year it was 484.57 AMD/USD1, against 477.53 AMD/USD1 in June 2016 and 483.86 AMD/USD1 in the first half of the year 2016.