Thursday, December 5 2019 12:25
Karine Melikyan

In Armenia, the growth of economic activity accelerated over 10  months of 2019 to 7.1%

In Armenia, the growth of economic activity accelerated over 10  months of 2019 to 7.1%

ArmInfo. In Armenia, the growth of economic activity in January-October 2019 accelerated to 7.1% from 6% for 10 months of 2018, and the main drivers were the  services sector, trade and the industrial sector. According to the  final data of the Statistical Committee of the Republic of Armenia,  only in October 2019 a 4.7% decline was recorded with an annual  growth of 7.7%, while in 2018 the October decline was 5% with an  annual growth of 3%.

The growth of economic activity in January-October 2019 was largely  supported by the services sector - by 15.1% per annum, and to a  slightly lesser extent by trade and the industrial sector - by 8.9%  and 8.8%, respectively, while in the construction sector the growth  slowed down up to 4.5%. The energy complex was in decline - by 2.7%.  For the agricultural sector, only quarterly data are published. A  year earlier, in January-October 2018, services, trade, construction,  the industrial sector and the energy sector showed growth - 18.5%,  9.6%, 6.5%, 4.5% and 1.8%, and the agricultural sector was in decline  - 8.9%.

The industrial production price index increased in January-October  2019 compared to the same period in 2018 by 0.5%, in October 2019  compared with October 2018 - it was the same (0.5%), and only in  October 2019 it decreased by 0.9% . A year earlier, in  January-October 2018, against the same period in 2017, the industrial  production price index increased by 2%, in October 2018 compared with  October 2017 it decreased by 0.7%, and only in October 2018 it  increased by 1.6%.

On a monthly basis (in October 2019), the sectors that showed growth  were the industrial sector - 8.8%, the construction sector - 2% and  the services sector - 0.4%, and trade and the energy sector were in  decline - 1.7% and 6.2% respectively. A year earlier, in October  2018, the energy complex - 11.1%, industry - 11%, the services sector  - 2.8%, the construction sector - 1.7%, and the agricultural sector  and trade were in the negative trend - 7.8% and 4.4%, respectively.

In annual terms (October 2019 to October 2018), the highest growth  was recorded in the services and trade sectors - 12.4% and 10.2%,  respectively, followed by the construction sector - 5.1% and the  industrial sector - 2.7%, and the energy complex showed a decline of  7.7%. A year earlier, in October 2018 compared to October 2017,  growth was recorded in the services sector - 16.6%, energy sector -  15%, industrial sector - 8.1%, trade - 5.8%, construction sector -  0.4%, and in the agricultural sector was a decline of 22.1%.   According to statistics in January-October 2019, in absolute terms,  the leadership is held by the trading sector with a volume of 2.6  trillion. drams ($ 5.3 billion). The second position is in the  services sector with a volume of 1.7 trillion ($ 3.5 billion), and in  the third is the industrial sector - 1.6 trillion ($ 3.4 billion). In  the fourth place, due to the lack of data on the agricultural sector,  the construction sector is located - 296.3 billion drams ($ 616  million). The volume of electricity generation in January-October  2019 amounted to 6253.6 million kWh, of which 603.0 million kWh -  only in October.

At the same time, the foreign trade turnover of Armenia in  January-October 2019 amounted to 3083.6 billion drams ($ 6417.9  million) with an annual growth of 6.5%. In its structure, the volume  of exports underwent an annual growth of 7.2% to 1,030.6 billion  drams ($ 2,145.1 million), while imports - an annual growth of 6.2%  to 2,053 billion drams ($ 4,272.8 million). In October 2019, by  October 2018, the foreign trade turnover of Armenia increased by 11%  due to an increase in imports by 15.8% with an increase in exports by  1.3%. A year earlier, in January-October 2018, foreign trade turnover  increased by 20.7% per annum due to an increase in exports by 11.7%  and imports by 25.8%, and in October 2018 compared to October 2017,  an increase in foreign trade turnover by 11.4% was triggered by an  increase in exports by 12.1% and imports by 11%.

The average settlement rate of dram in October 2019 amounted to 476.3  dr / $ 1, and in January-October 2019 - 481 dr / $ 1, against 484.93  dr / $ 1 - in October 2018 and 482.49 dr / $ 1 - in January- October  2018 

POST A COMMENT
Input digits     


News
iDram
btn

Exchange rates
24.09.2020
RUB6.28-0.08
USD485.32-0.10
EUR565.06-3.56
GBP618.490.36
CAD362.13-2.35
JPY46.06-0.18
CNY71.34-0.06
CHF524.33-3.70



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