ArmInfo. In Armenia, the growth of economic activity in January-November 2017 accelerated to 7.3% from last year's 0.6% in 11 months of 2016, and the drivers were trade, services and the industrial sector. According to the National Statistical Service of Armenia, only in November 2017 there was a decline of 11% with an annual growth of 9.2%, while a year earlier the November recession was 5% with an upward annual growth of 2.3%.
The growth of economic activity in January-November 2017 continues to be supported by trade - 14.4% per annum, services - by 14.2% and industrial sector - by 12.3%, against growth by 0.3%, 7.8% and 6 , 8%, respectively, a year earlier. After them, with a more modest growth rate followed by the energy complex - 4.9% and the construction sector - 0.3%, against the decline, respectively, by 6.4% and 10.9% a year earlier. The agricultural sector in January-November retained a downward trend with a slowdown in annual rates to 3.9% from 6.1% last year.
The industrial production price index increased by 3.9% in January-November 2017 to the same period of 2016, in November 2017, compared to November 2016 - rose by 3.6%, but only in November 2017 increased by 0.7%, against last year's growth, respectively, by 1%, 6.9% and 1.8%. On a monthly basis (in November), the sectors that demonstrated growth were the construction sector - 13.4%, 12.4%, energy complex - 10% and trade - 0.7% (against growth of 12.4% and 4.7%, decline in 1.6% in November 2016, respectively), while the rest of the sectors were in the negative trend, with the highest decline recorded in the agricultural sector - 52.3% (versus the 24.4% decline in November 2016). The service sector demonstrated a 8.5% decline in November 2017 (versus a 5% decline in November 2016), while the industrial sector decreased volumes by 0.3% (against 5.7% growth in November 2016). On an annual basis (November 2017, by November 2016), the decline was recorded only in the agricultural sector - by 2.1% (against growth of 6.3% a year earlier), while the other spheres were distinguished by growth: trade - 22.6%, sphere services - 17.6%, industry - 11%, construction - 6.9%, energy complex - 0.2%. A year earlier (November 2016 by November 2015), the decline was recorded only in the construction sector and energy complex - by 17.5% and 7.4% respectively, while the rest spheres were distinguished by growth: industry - 8.8%, services - 8,7%, agricultural sector - 6,3%, trade - 3,8%. According to statistics in January-November 2017, the absolute value of leadership is held by the trade sector with a volume of 2.3 trillion AMD. The industrial sector is on the second place in terms of volume - 1.5 trillion, the third - the service sector - 1.3 trillion drams, the fourth - the agricultural sector - 811.7 billion AMD, and the fifth - the construction sector - 324.6 billion drams. The volume of electricity generation in January-November 2017 was 6937.4 million kWh, of which 624.4 million kWh. - Only in November.
At the same time, Armenia's foreign trade turnover in January-November 2017 amounted to 2790.4 billion AMD ($ 5784.2 million) with an annual growth of 26.4%. In its structure, the volume of exports has undergone an annual growth of 23.5% to 971.4 billion AMD ($ 2013.8 million), and imports - an annual growth of 28% up to 1819 billion AMD ($ 3,770.4 million). A year earlier, in January-November 2016, foreign trade turnover increased by 8% due to an increase in exports by 21.2% with an increase in imports of 2%. By comparison, in January-November 2015, Armenia's foreign trade turnover decreased by 20.6% due to a 26.2% drop in imports with a 4.7% drop in exports. The average calculated exchange rate of the dram was 485.36 AMD / $ in November 2017, and 482.67 AMD / $ 1 in January-November, compared to 478.52 AMD / $ 1 in November 2016 and 480.27 AMD / $ 1 in January - November, 480.15 AMD / $ 1 - in November 2015 and 477.46 AMD / $ 1 - in January- November 2015.