Tuesday, October 31 2017 12:41
Karina Melikyan

In Armenia, economic activity growth accelerated in the 9 months of 2017 to 5.1% and the drivers became the service, trade and industrial sectors

ArmInfo. In Armenia, the growth of economic activity in January- September 2017 to the same period of 2016 accelerated from 1.6% to 5.1%. A year earlier, for the 9 months of 2015 to the same period in 2014, economic activity growth slowed from 4.3% to 3.7%. According to the  data of the National Statistical Service of Armenia, only in September 2017 the growth of economic activity was 10.1% with an annual growth of 2.5%, against last year's September growth of 7% and an annual decline of 2.4%.  The growth in economic activity in January-September 2017 was largely determined by the services sector - by 12.8% per annum, trade - by 12.5% and the industrial sector by 11.9%, and by a relatively modest 6.5%. Against this background, the agricultural sector and the construction sector continue to show an annual decline - by 9.9% and 6.4%, respectively. A year earlier, in January-September 2016, by the same period of 2015, growth was recorded only in the services sector - by 8.1% and in the industrial sector - by 7.1%, while the rest of the sectors showed an annual decline: trade - 0, 1%, agricultural sector - 2.6%, energy complex - 6.5% and construction - 9.2%.  The industrial production price index increased by 3.8% in the period from January to September 2017, by 4.1% in September 2017 compared to September 2016, and by 0.1% in September 2017 alone. A year earlier, in January-September 2016, by the same period of 2015, the index of industrial products prices decreased by 0.1%, in September 2016 compared to September 2015 - increased by 4.6%, but only in September 2016 decreased by 1.5%.  On a monthly basis (in September), the agricultural sector gave a decisive impetus to the growth of economic activity, which increased by 36.3% (against 4.9% growth in September 2016), and to a lesser extent the construction sector - 11.1% (against 4.1% growth in September 2016), services - 5.9% (against 5.2% growth in September 2016), industrial sector - 4.7% (against 8.4% growth in September 2016), trade - 3.1% (against 1.4% growth in September 2016). The power complex in September 2017 showed a negative trend (1.7%), against a more impressive decline in the same month last year (7.4%).  On an annual basis (September 2017 by September 2016), the only recession was recorded in the agricultural sector - by 11.6%, while the rest of the sectors showed growth, with the most impressive upward trend in services - 16.2% and the trading sector - 14,2%, followed by the industrial sector - 8.3%, the energy complex - 5.2% and the construction sector - 1.3%. A year earlier, in September 2016, by September 2015, growth was recorded only in the services sector - 8.6% and industry - 6.1%, while the other sectors were distinguished by a recession: the agricultural sector - 19.5%, construction - 17.3% %, trade - 0.1%, energy complex - 11.1%.  According to statistical data in Jan-Sep 2017, in absolute terms leadership is held by the trade sector with a volume of 1.8 trillion AMD($ 3.7 billion). The industrial sector is on the second place with 1.2 trillion ($ 2.5 billion), the services sector at 1.04 trillion AMD ($ 2.2 billion), the fourth - 582.5 billion AMD ($ 1.2 billion), and the fifth - the construction sector - 220.3 billion AMD ($ 456.5 million). The volume of electricity generation in Jan-Sep 2017 was 5745.2 million kWh, of which 622.1 million kWh. - Only in September.  At the same time, Armenia's foreign trade turnover in January-September 2017 was 2106.1 billion AMD ($ 4,367.5 million) with an annual growth of 21.7%. In its structure, the volume of exports has undergone annual growth of 19.1% to 745.9 billion AMD ($ 1546.7 million), and imports - an annual growth of 23.2% to 1360.2 billion AMD ($ 2820.8 million). A year earlier, in January-September 2016, foreign trade turnover increased by 5.7% due to an increase in exports by 19.6% with a decrease in imports by 0.8%. By comparison, in Jan-Sep 2015, Armenia's foreign trade turnover has experienced an annual decline of 20% due to a drop in imports and exports, respectively, by 26.6% and 0.9%. In September 2017 by September 2016 Armenia's foreign trade turnover increased by 23.1% due to the growth of imports by 29.1% and more modest growth in exports - by 11.7%.  Only in September 2017, Armenia's foreign trade turnover increased by 10% due to an increase in imports by 22%, with a decrease in exports of 9.6%. 

POST A COMMENT
Input digits     


News
"Veolia Jur" responded to Yerevan Mayor`s Advisor Kamo Areyan
Sanosyan got acquainted with construction progress of roads bypassing  KirantsSanosyan got acquainted with construction progress of roads bypassing Kirants
The mayor`s office proposed the government to reconsider the  agreement with Veolia JurThe mayor`s office proposed the government to reconsider the agreement with Veolia Jur
France`s potential for construction of new NPP in Armenia discussed France`s potential for construction of new NPP in Armenia discussed
Iranian companies to carry out construction on 32km-long section of  Kajaran-Agarak road Iranian companies to carry out construction on 32km-long section of Kajaran-Agarak road
Gevorg Papoyan met with UNDP Permanent Representative Natia  Natsvlishvili Gevorg Papoyan met with UNDP Permanent Representative Natia Natsvlishvili
Know the penalties for late personal income tax filing Know the penalties for late personal income tax filing
Foreigners` transactions on buying and selling property reduced in  ArmeniaForeigners` transactions on buying and selling property reduced in Armenia
Land purchase and sale transactions in regions of Armenia increased  by 12.7%Land purchase and sale transactions in regions of Armenia increased by 12.7%
4.1% rise in housing prices in Yerevan in first half of 20244.1% rise in housing prices in Yerevan in first half of 2024
Armenia`s minister of territorial administration visits Masrik-1  solar stationArmenia`s minister of territorial administration visits Masrik-1 solar station
Domestic debt forming part of government`s debt exceeds foreign debt  for first timeDomestic debt forming part of government`s debt exceeds foreign debt for first time
UNDP programme: warm houses, less expensesUNDP programme: warm houses, less expenses
Ministry of High-Tech Industry supports Team Telecom Armenia Ministry of High-Tech Industry supports Team Telecom Armenia
Armenian-United Arab Emirates business forum to take place in Abu  DhabiArmenian-United Arab Emirates business forum to take place in Abu Dhabi
IDBank continues the IDBank continues the "By Your Side" Program
Armenian ambassador to Greece highlights importance of Armenia`s  active participation in TIF-HELEXPOArmenian ambassador to Greece highlights importance of Armenia`s  active participation in TIF-HELEXPO
Air Arabia plans to sue Armenia at ArbitrationAir Arabia plans to sue Armenia at Arbitration
EFSD conducts workshop on procurement and financial management of  projects EFSD conducts workshop on procurement and financial management of  projects 
Iran-Armenia high-voltage line to be put into operation in few months  - ambassadorIran-Armenia high-voltage line to be put into operation in few months  - ambassador
New Armenal management could start presale preparation New Armenal management could start presale preparation 
Our team is doing everything possible to manage increased traffic  more efficiently - ZvartnotsOur team is doing everything possible to manage increased traffic  more efficiently - Zvartnots
CBA to direct 80% of its annual profit to partly cover interest-free  bill of exchange  CBA to direct 80% of its annual profit to partly cover interest-free  bill of exchange  
Few concerned in Armenia over high pesticide level in food - NGO head Few concerned in Armenia over high pesticide level in food - NGO head 
Head of Economic Competition Protection Commission explains gas price  rise Head of Economic Competition Protection Commission explains gas price  rise 
EFSD to provide $2 mln grant to Armenia for program to improve  quality of financial reporting of public sector organizationsEFSD to provide $2 mln grant to Armenia for program to improve  quality of financial reporting of public sector organizations
WB to provide $110mln loan to Armenia for universal health coverage WB to provide $110mln loan to Armenia for universal health coverage 
Ingo Insurance presents job loss insurance in Armenia`s market Ingo Insurance presents job loss insurance in Armenia`s market 
As long as Pashinyan government remains in power in Armenia, it is  unlikely Armenia will launch a counter bid or join BRICS  - opinion As long as Pashinyan government remains in power in Armenia, it is  unlikely Armenia will launch a counter bid or join BRICS  - opinion 
Cattle productivity improvement programme to be launched in Armenia Cattle productivity improvement programme to be launched in Armenia 
South Caucasus needs unified market without strategic partners -  expert South Caucasus needs unified market without strategic partners -  expert 
New world order to show Armenia can and must cooperate with with all  nations - Tatul Manaseryan New world order to show Armenia can and must cooperate with with all  nations - Tatul Manaseryan 
Armenia needs 600MW NPP - ex-premier Armenia needs 600MW NPP - ex-premier 
Post of Russia considering possibility of mailing to Armenia via  North Ossetia  Post of Russia considering possibility of mailing to Armenia via  North Ossetia  
Advantages of franchising discussed in Armenia with Acba Bank`s  participation Advantages of franchising discussed in Armenia with Acba Bank`s  participation 
Czech Republic to assist modernization of Yerevan metro Czech Republic to assist modernization of Yerevan metro 
Wine output records 32.6% y/y decline in Jan-May Wine output records 32.6% y/y decline in Jan-May 
ICC NCA to assist organization of WCIT2024 in Armenia ICC NCA to assist organization of WCIT2024 in Armenia 
New social vulnerability assessment system to be introduced in  Armenia New social vulnerability assessment system to be introduced in  Armenia 
Armenia`s government to provide AMD 2.2bln to construction  organizations Armenia`s government to provide AMD 2.2bln to construction  organizations 
AMD 4․046․161  to the Strong Mind NGO. July`s beneficiary is the SIA Armenia programAMD 4․046․161 to the Strong Mind NGO. July`s beneficiary is the SIA Armenia program
Wine-filled days of DILIJAN WINE FEST 2024 will take place on August 3 and 4Wine-filled days of DILIJAN WINE FEST 2024 will take place on August 3 and 4
Ardshinbank was again Named Best in Two Categories by Asian Banking & Finance MagazineArdshinbank was again Named Best in Two Categories by Asian Banking & Finance Magazine
Some 20,000 Nagorno-Karabakh Armenians employed in Armenia - official Some 20,000 Nagorno-Karabakh Armenians employed in Armenia - official 
China Southern Airlines launches Urumqi - Yerevan - Urumqi flights China Southern Airlines launches Urumqi - Yerevan - Urumqi flights 
Get 3000 idcoins by synchronizing your Idram and IDBank accountsGet 3000 idcoins by synchronizing your Idram and IDBank accounts
Armenia`s involvement in regional projects emphasized Armenia`s involvement in regional projects emphasized 
Armenian Airlines launches Yerevan-Ufa-Yerevan flightArmenian Airlines launches Yerevan-Ufa-Yerevan flight
Unemployment up in Armenia Unemployment up in Armenia 
Armenia`s economy vulnerable to external shocks - EFSDArmenia`s economy vulnerable to external shocks - EFSD
EAEU Industrial Council considers robotics development programme EAEU Industrial Council considers robotics development programme 
Smart Place: smart solutions for comfort and energy-savingSmart Place: smart solutions for comfort and energy-saving
Russia among Armenia`s major trade partners - Gevorg Papoyan  Russia among Armenia`s major trade partners - Gevorg Papoyan  
Armenia, UAE discuss possibilities of agricultural cooperation Armenia, UAE discuss possibilities of agricultural cooperation 
Expert on `blank spots` of budget planning in Armenia Expert on `blank spots` of budget planning in Armenia 
Armenia`s economy minister to take part in 6th meeting of EAEU  Industrial Policy CouncilArmenia`s economy minister to take part in 6th meeting of EAEU  Industrial Policy Council
No payment via Idram? More than 21,000 points of sale accept payment via IdramNo payment via Idram? More than 21,000 points of sale accept payment via Idram
<Gazprom Armenia> will conduct a survey of underground gas pipelines  with a total length of over 335 km will conduct a survey of underground gas pipelines  with a total length of over 335 km
WB to issue grant to Armenia for environmental protection programmes WB to issue grant to Armenia for environmental protection programmes 
JFPR to issue $3mln grant to improve rural household resilience JFPR to issue $3mln grant to improve rural household resilience 
Read more
Exchange rates
24.07.2024
RUB4.450.03
USD388.390.48
EUR421.09-0.26
GBP501.260.78
CAD281.69-0.22
JPY25.130.27
CNY53.370.04
CHF437.972.70