Thursday, February 7 2019 23:20

ArmInfo.In Armenia, the service sector in 2018 increased its volumes by 18.8% to 1.4  trillion. drams ($ 3.6 billion), against 14.4% growth a year earlier.  In December alone, the service sector provided a growth of 15.7% - to  181.5 billion drams ($ 374.4 million).

According to the RA Statistical Committee, the annual increase in  indicators is due to the acceleration of the dynamics of the volume  of catering services - from 19.4% to 32%, culture, entertainment and  recreation - from 22.3% to 36.6%, health care - from 18.7% to 25.7%,  in the real estate market - from 8% to 9.5%, administrative and  auxiliary activities - from 10.7% to 16.2%, scientific, professional  and technical activities - from 4.4% to 13.4 % At the same time,  there was a slowdown in the annual growth in the financial and  insurance sectors - from 20.6% to 19.6%, transport - from 14.7% to  10.9%, information and communications - from 5.3% to 4, 7%.In terms  of the volume of services provided, culture, entertainment and  recreation are leading - 391.3 billion drams (22.2% of the total). 

The second place is occupied by the financial sector - 367.3 billion  drams (20.8% of the total), with the lion's share accounted for by  banks. The third place is occupied by the sphere of information and  communication - 245.7 billion drams (13.9%), with the main burden  falling on the telecommunications segment. The fourth place is  occupied by the transport sector - 221.6 billion drams (12.6%). The  top five in terms of the volume of services provided closes the  sphere of catering and tourism - 150.9 billion drams (8.6%).The  average settlement rate of the dram to the US dollar in December 2018  was 484.67 dr./$ 1, and in January-December 2018 - 482.99 dr./$ 1,  against 483.18 dr./$ 1 in December 2017 and 482, 72 dr./$ 1 in  January-December 2017