Vardan Aramyan: according to the results of 2017 real economic growth is expected in Armenia at the level of 4,3%

ArmInfo. Armenian Finance  Ministry according to the results of 2017, GDP growth is expected to  exceed the target of 3.2% in the country's budget. This was stated by  the head of the department Vardan Aramyan on September 25 at a press  conference.

Minister reminded that in the context of August-August, and  January-August, compared with the same period last year, and recorded  growth in all areas, except for agriculture and construction. "August  2017 by August 2016, the agricultural sector recorded a 25% decline,  which in many respects may be due to the base factor, since I was  less active in January-July of last year than in January-August," the  minister said.

At the same time, as Aramyan noted, prices for agricultural products  have grown inadequately declining, only 11% in price have reacted to  the prices of fruits. According to the head of the Ministry of  Finance, the issue requires detailed study, but for today the only  explanation for the fixed indicators of the sphere is the reasons  caused by the same basic effect. "According to the estimates of the  Ministry of Finance, this year we will close with a real economic  growth of 4.3%," Vardan Aramyan said.

To note, Armenian GDP in the first half of 2017 reached 2.177  trillion AMD. According to the National Statistical Service of  Armenia, in annual terms (I half-year 2017 to the same period in  2016), GDP grew by 7.1%, against growth of 2.5% a year earlier. The  share breakdown of semi-annual GDP is as follows: about 52% - trade,  almost 35% - industrial sector, about 30% - services, over 11% -  agricultural sector and more than 5% - construction sector.