Adviser to the President of the NKR: The GDP of the Artsakh Republic has quadrupled over the past 10 years

ArmInfo. The GDP of the Artsakh  Republic has quadrupled over the past 10 years. NKR Presidential  Adviser Tigran Abrahamyan reports on his Facebook page on Facebook.

As Abrahamyan notes, the day before the results of the socio-economic  development of the republic were summed up. According to him, the  recorded indicators are quite interesting.

"If the GDP of Artsakh in 2007 was 70.8 billion drams, for 2016 -  229.6 billion drams, then by the results of 2017 the task was set to  reach the figure of 270 billion drams, ensuring 10-fold growth of the  nominal GDP of the country within 10 years, "advises the NKR  President.

According to him, the state budget revenues in 2007 amounted to 30  billion, in 2017 it is expected to grow to 100 billion drams.

Recall that the consolidated budget of the Republic of Artsakh for  the first half of 2017 compared to the same period in 2016 increased  by 19.9%. As Tigran Abrahamyan reported earlier on his Facebook page,  in January-June of 2017 the revenues of the consolidated budget of  the republic increased by 19.9% to 16.1 billion drams. 

According to the National Statistical Service of the Republic of  Nagorno Karabakh, in June of this year, the economic activity index  in comparison with June 2016 was 113.9%, and in the period  January-June of this year in comparison with the same period of 2016  - 115.0%. In January-June this year, the NKR GDP was 102.2 billion  drams, and in the same period in 2016 - 87.7 billion drams. GDP per  capita in January-June 2017 at current prices amounted to 699.8  thousand drams, 1444.2 US dollars or 1333.3 euros. 6 percentage  points of the recorded GDP growth of 14.9% was provided by the mining  sector and the operation of open fields, financial and insurance  activities accounted for 2.6 percentage points, construction was 2.4  percentage points, electricity, gas, steam and air of good quality.