Friday, June 1 2018 14:23
Karine Melikyan

In Armenia, economic activity in January-April 2018 accelerated annual growth rates from 5.7% to 9.7%

In Armenia, economic activity in January-April 2018 accelerated  annual growth rates from 5.7% to 9.7%

ArmInfo. In Armenia, economic  activity in January-April 2018 increased by 9.7% per annum on the  back of a 25.5% increase in exports and a 34.3% increase in imports.   In April this year by April 2017, economic activity increased by  7.3%, but only in April 2018 decreased by 3.1%. A year earlier, in  January-April 2017, by the same period of 2016, economic activity  increased by 5.7%, in April compared with April 2016 - by 3.4%, and  only in April - by 0.3%. By comparison, in 2016, economic activity in  January-April increased by 6% per annum, only in April - by 4% (with  an annual growth of 6.8%).

According to the final data of the National Statistical Service of  Armenia, the growth in economic activity in January-April 2018  determined the construction sector more - by 21.8% per annum, the  services sector - by 17.6% and the trade sector - by 10.3%, against  the background which the growth of the industrial sector and the  agricultural sector looked modest - 5.2% and 2.2%, respectively. At  the same time, the annual volume decline was observed in the energy  complex - by 0.4%. A year earlier, in January-April 2017, the  industrial sector, trade, services, energy complex - 12.9%, 12.1%,  10.1% and 4.4% per annum, respectively, and the agricultural sector  and the construction sector demonstrated decline - respectively 2.9%  and 13.4% per annum.

The industrial production price index increased by 3.8% in  January-April 2018 by 3.8% in the same period of the previous year,  by 3.7% in April 2018 compared to April 2017, and only by 1.2% in  April 2018. A year earlier, in January-April 2017, in comparison with  the same period in 2016, the industrial production price index  increased by 3.3%, in April 2017, compared to April 2016 - by 3%, but  only in April 2017 decreased by 0.6% . By comparison, in 2016, for  January-April, the industrial production price index rose by 3.4% per  annum, in April 2016, compared to April 2015 - by 1.8%, and only in  April 2016 - by 0.5% .

In the same month (for April), the economic activity from a more  substantial recession was "saved" by the agricultural sector, whose  volumes increased by 43.8% (against 54.2% a year earlier), and to a  lesser extent the service sector 0.5% (against a decline of 0.7% a  year earlier). The rest of the spheres reduced volumes in April: the  energy complex - by 8.2% (against the decline of 11.4% a year  earlier), the industrial sector - by 15.6% (against the decline of 7%  a year earlier), the construction sector - by 11.9% % (against the  decline of 8.8% a year earlier), the sphere of trade - by 5.2%  (against the decline of 1.1% a year earlier) by 0.7% (against the  decline of 2.6% a year earlier).

In terms of growth rates, the service sector and the construction  sector were leading in terms of growth rates (April 2018 to April  2017) - 20.7% and 19.2%, respectively, which were inferior in terms  of growth to the trade and agro sector - 3.2% and 2.1% %  respectively. At the same time, the volumes of the industrial sector  and energy complex were 3.7% and 3.4% in the recession. A year  earlier, in April 2017 by April 2016, the trade sector was leading in  terms of growth - 14.2% and services - 10.4%, followed by a sectoral  division of 4.3%, while the agricultural sector, the construction  sector and the energy complex were in minus trend - by 5%, 13% and  10.3% respectively.

According to statistical data in January-April 2018, the trade sector  holds the absolute leading position with the volume of 787.6 billion  AMD ($ 1.6 billion). The second largest industrial sector is 522.1  billion ($ 1.1 billion), the third one - services 487.1 billion drams  ($ 1.01 billion), the fourth - agriculture (129.5 billion drams ($  268.9 million), and the fifth - the construction sector - 64.8  billion AMD ($ 134.5 million). The volume of electricity generated in  January-April 2018 was 2667.3 million kWh, of which only in April -  557.6 million kWh.

At the same time, Armenia's foreign trade turnover in January-April  2018 was 1069.5 billion AMD ($ 2221.8 million), with annual growth of  31.2%. In its structure, the volume of exports has undergone annual  growth of 25.5% to 368 billion AMD ($ 764.5 million), and imports -  an annual growth of 34.3% to 701.5 billion AMD ($ 1,457.3 million).  Only in April 2018, foreign trade turnover decreased by 10.8%, due to  the decline in exports - by 12.8% and imports - by 9.8%, and compared  to April 2017, foreign trade turnover increased by 21.6%, mainly ,  due to the growth of imports by 28.8% with an increase in exports by  9.4%. A year earlier, in January-April 2017, Armenia's foreign trade  turnover grew by 15.1% per annum, in particular, exports - by 16.1%  and imports - by 14.6%, only in April 2017 the decline in foreign  trade turnover by 7.6% was based on imports - 10.7% with a 2% drop in  exports, compared with April 2016, these indicators were growing -  7.4%, 2.6% and 16.4%, respectively.

The average calculated exchange rate of AMD was 481.35 AMD / $ in  April, 2018, and 481.38 AMD / $ 1 in January-April, compared to  485.14 AMD / $ 1 in April 2017 and 485.62 AMD / $ 1 in January -April  2017, 481.27 AMD / $ 1 - in April 2016 and 486.82 AMD / $ 1 - in       January-April 2016.  

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