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.  

POST A COMMENT
Input digits     


News
Several investment projects on sustainable development will be  implemented in Gegharkunik until 2025Several investment projects on sustainable development will be  implemented in Gegharkunik until 2025
Ministry of Economy intends to provide business with infrastructure  assistanceMinistry of Economy intends to provide business with infrastructure  assistance
Head of Statistical Committee: In Q1 2021, the number of people  leaving the country significantly exceeds the number of people  arrivingHead of Statistical Committee: In Q1 2021, the number of people  leaving the country significantly exceeds the number of people  arriving
Vahan Kerobyan: Armenian economy will generate 100 billion drams more  in tax revenues this year than last yearVahan Kerobyan: Armenian economy will generate 100 billion drams more  in tax revenues this year than last year
June 16th marks International Day of Family Remittances June 16th marks International Day of Family Remittances 
Central Bank of Armenia is still refraining from introducing the  maximum debt burden ratio, but from July 2021 it will introduce the  LTV standardCentral Bank of Armenia is still refraining from introducing the  maximum debt burden ratio, but from July 2021 it will introduce the  LTV standard
Central Bank of Armenia improved forecast for GDP growth for 2021 to  4.6%, and forecast for growth of private transfers to 15-17%Central Bank of Armenia improved forecast for GDP growth for 2021 to  4.6%, and forecast for growth of private transfers to 15-17%
In 5 months of 2021, Armenia`s national debt increased by $ 848  million, and in 3 years by almost $ 2 billionIn 5 months of 2021, Armenia`s national debt increased by $ 848  million, and in 3 years by almost $ 2 billion
Central Bank of Armenia raised refinancing rate from 6% to 6.5%Central Bank of Armenia raised refinancing rate from 6% to 6.5%
Converse4Women - comprehensive support for Converse Bank female borrowersConverse4Women - comprehensive support for Converse Bank female borrowers
Kocharian on energy prospects for Armenia: It is not a problem to  come to an agreement with RosatomKocharian on energy prospects for Armenia: It is not a problem to  come to an agreement with Rosatom
The number of terminated CMTPL contracts continues to grow rapidly in  ArmeniaThe number of terminated CMTPL contracts continues to grow rapidly in  Armenia
Forecast: The economic consequences of the war for Armenia are still  aheadForecast: The economic consequences of the war for Armenia are still  ahead
$ 3 billion will be allocated from the state budget for the 4th  tranche of the North-South road$ 3 billion will be allocated from the state budget for the 4th  tranche of the North-South road
EBRD to provide Air Navigation of Armenia with EUR 3 millionEBRD to provide Air Navigation of Armenia with EUR 3 million
Head of the Audit Chamber of Armenia presented facts of abuses in the  field of road constructionHead of the Audit Chamber of Armenia presented facts of abuses in the  field of road construction
S&P revised the outlook on Ameriabank to ``Stable`` S&P revised the outlook on Ameriabank to ``Stable`` 
Armenia`s international reserves increased by 11.3% per annum by June  2021Armenia`s international reserves increased by 11.3% per annum by June  2021
Central Bank of Armenia: Net inflow of transfers from individuals  grew in Jan-April 2021 by 80% per annumCentral Bank of Armenia: Net inflow of transfers from individuals  grew in Jan-April 2021 by 80% per annum
Armenia will be among the nominees for World Travel AwardsArmenia will be among the nominees for World Travel Awards
Armenia and Iran intend to expand cooperation in a number of economic  areasArmenia and Iran intend to expand cooperation in a number of economic  areas
Ministry of Finance: Three quarters of Armenia`s public debt is in  foreign currency, which creates additional risks in connection with  the management of public debt Ministry of Finance: Three quarters of Armenia`s public debt is in  foreign currency, which creates additional risks in connection with  the management of public debt 
World Bank`s forecast for GDP growth in Armenia has not changed: 3.4%  in 2021, accelerating to 4.3% in 2022World Bank`s forecast for GDP growth in Armenia has not changed: 3.4%  in 2021, accelerating to 4.3% in 2022
CBA initiative to create a centralized register of bank accounts of  individuals was approved by relevant parliamentary committeeCBA initiative to create a centralized register of bank accounts of  individuals was approved by relevant parliamentary committee
RUSAL`s foil-rolling mills to join AL +RUSAL`s foil-rolling mills to join AL +
AraratBank raises USD 14.5 m arranged by Symbiotics AraratBank raises USD 14.5 m arranged by Symbiotics
UAE UAE "Masdar" company to build a solar power plant in Armenia with a  capacity of 200 MW
EDB is ready to consider integration projects in the region   EDB is ready to consider integration projects in the region  
Customer base of Armenian banks increased by 6% per annum by April,  and accounts  - by 4.3%Customer base of Armenian banks increased by 6% per annum by April,  and accounts  - by 4.3%
Head of Telecom Armenia shared his success story at Reinvent by  Renderforest conferenceHead of Telecom Armenia shared his success story at Reinvent by  Renderforest conference
In Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and importsIn Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and imports
Telecommunications sector revenue in Armenia growsTelecommunications sector revenue in Armenia grows
Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%
The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021
Armenia`s industrial sector slowly recovers from coronavirus crisisArmenia`s industrial sector slowly recovers from coronavirus crisis
Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021
Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021
Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021
 Armenia intends to form a national innovation system by 2025 Armenia intends to form a national innovation system by 2025
Revenue part of Yerevan budget in 2020 is fulfilled by 84.6%Revenue part of Yerevan budget in 2020 is fulfilled by 84.6%
Armenia`s public debt is approaching $ 9 billionArmenia`s public debt is approaching $ 9 billion
In 2020, subsidies from state treasury of Armenia to regional  administrations amounted to about $ 115 millionIn 2020, subsidies from state treasury of Armenia to regional  administrations amounted to about $ 115 million
Armenia`s Ministry of Finance: In 2020, the budget of the  agricultural sector was revised downwardArmenia`s Ministry of Finance: In 2020, the budget of the  agricultural sector was revised downward
Aluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in ArmeniaAluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in Armenia
Electricity generation in Armenia slows down annual growth rateElectricity generation in Armenia slows down annual growth rate
Armenian textile industry increased 3.2-fold in January-April 2021Armenian textile industry increased 3.2-fold in January-April 2021
Economic activity in Jan-April 2021 increased by 2.6% per annum in  ArmeniaEconomic activity in Jan-April 2021 increased by 2.6% per annum in  Armenia
Export of buckwheat from Russia has been temporarily bannedExport of buckwheat from Russia has been temporarily banned
At the end of June, Agarak Copper-Molybdenum Combine CJSC will switch  to completely closed cycle of water consumption ahead of scheduleAt the end of June, Agarak Copper-Molybdenum Combine CJSC will switch  to completely closed cycle of water consumption ahead of schedule
In 2020, U.S., CoE and UN donors` financial assistance to Corruption  Prevention Commission of RA exceeded state budget allocations In 2020, U.S., CoE and UN donors` financial assistance to Corruption  Prevention Commission of RA exceeded state budget allocations 
Ameriabank ready for initial public offering of shares - Managing Director, Financial Institutions for EBRDAmeriabank ready for initial public offering of shares - Managing Director, Financial Institutions for EBRD
In 2020, the parliament spent 466 million drams on bonuses, monetary  rewards and special paymentsIn 2020, the parliament spent 466 million drams on bonuses, monetary  rewards and special payments
The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May 
Janjughazyan told how much the state spent on the maintenance of the  bureaucratic apparatus of ArmeniaJanjughazyan told how much the state spent on the maintenance of the  bureaucratic apparatus of Armenia
Caucasian Power Transmission Network Program will be operational  after 2025 at bestCaucasian Power Transmission Network Program will be operational  after 2025 at best
Martin Galstyan: The new forecast report of the Central Bank for 2021  is supplemented with an apocalyptic scenario, but in reality the  economy began to breathe and expectations for GDP growth will be  improvedMartin Galstyan: The new forecast report of the Central Bank for 2021  is supplemented with an apocalyptic scenario, but in reality the  economy began to breathe and expectations for GDP growth will be  improved
Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031
Deputy Minister: Discussions are underway with Iran on the launch of  the Meghri FEZ, the issue became especially relevant after the war in  ArtsakhDeputy Minister: Discussions are underway with Iran on the launch of  the Meghri FEZ, the issue became especially relevant after the war in  Artsakh
In 2020, expenditures of Armenian Foreign Ministry amounted to  approximately $ 35 millionIn 2020, expenditures of Armenian Foreign Ministry amounted to  approximately $ 35 million
In 2020, EU allocated 68.7 million euros to Armenia for budget  assistance In 2020, EU allocated 68.7 million euros to Armenia for budget  assistance 
Read more


Exchange rates
18.06.2021
RUB7.120.03
USD513.730.38
EUR612.16-2.20
GBP713.98-4.28
CAD415.30-1.96
JPY46.650.20
CNY79.82-0.14
CHF559.31-2.87