Wednesday, May 22 2019 16:18
Karine Melikyan

Armenia`s GDP grew in Q1 of 2019 by 7.1% per annum - up to $ 2.6  billion

Armenia`s GDP grew in Q1 of 2019 by 7.1% per annum - up to $ 2.6  billion

ArmInfo. Armenia's GDP grew in the Q1 of 2019 by 7.1% per annum - to 1.2 trillion drams ($ 2.6 billion), against a higher growth in the Q1 of 2018 - by 9.7% per annum.   According to the data of the RA Statistical Committee, the GDP  deflator index in the Q1 of 2019 was 103.8%, against 104.3% in the Q1  of 2018.

In terms of GDP, the trade sector, the industrial sector and the  services sector remain dominant, but in terms of y-o-y growth, only  the services sector remained in drivers. In particular, the services  sector has accelerated growth from 16.5% in the Q1of 2018 to 17.3% in  the Q1 of2019, while the trading sector, by contrast, slowed growth  from 12.9% to 10.1%. Growth slowdown was also observed in the  industrial sector - from 8.2% to 2%, and in the construction sector -  from 23% to 10.8%. The power supply package deteriorated with a turn  from 0.4% growth to the 14% recession. The agricultural sector also  showed a decline of 0.2%, while a year earlier in the same period  showed a 2.2% increase.

Quarterly, Armenia's GDP declined by 36.4%, against a decline of  38.8% in the Q1 of 2018 and a growth of 7.5% in the Q4 of 2018. A  similar situation was observed in the Q1 of 2017 - a decline of  38.1%.

Armenia's per capita GDP in the Q1 of 2019 was 418.9 thousand drams  ($ 860), against 374.6 thousand drams ($ 778) in the Q1 of 2018. The  change in this indicator was recorded against the background of  reducing the population by 0.3% per annum - up to 2962.1 thousand  people by April 1, 2019, against a decline of 0.4% a year earlier.

The average settlement rate of dram in January-March 2019 was 487.23  AMD/ $ 1, against 481.39 AMD / $ 1 - in January-March 2018.

According to the World Bank's forecast, GDP growth in Armenia in 2019  will be 4.3%, with acceleration in 2020 to 4.6%. As regards Armenia's  foreign trade, the World Bank predicted an increase in exports by  8.8% and imports by 12.2% for 2019. According to the IMF forecast,  GDP growth in Armenia in 2019 will be 4.6% with a slowdown in 2020 to  4.5%. The Central Bank of Armenia predicted for 2019 GDP growth in  the range of 4.6-6.1%, at the same time expecting in 2019 import  growth by 2-4% and export by 4-6%.  In the state budget of the  Republic of Armenia for 2019, GDP growth of 4.9% is laid. -

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Exchange rates
23.08.2019
RUB7.250.00
USD475.990.08
EUR526.40-1.00
GBP581.093.76
CAD357.40-0.75
JPY44.64-0.09
CNY67.45-0.06
CHF482.31-2.08


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Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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