ArmInfo. In Armenia, economic activity in January- September 2020 continued to decline, amounting to a negative 6.6% (instead of a 6.4% decline in January- August this year and a 7.1% growth over the same period of 2019). ... According to the final data of the RA Statistical Committee, in September 2020. by September 2019 economic activity decreased by 7.5%, but only in September 2020. accelerated growth to 10.6% from 7.4% in August.
In January-September of this year, the only spheres that kept on growing were the industrial sector, the energy complex and agriculture - respectively 1% and 1.5% and 0.5% per annum. And the rest of the industries showed a serious decline: construction - by 15.7%, trade - 11.4%, services - by 11.7%. A year earlier, in January-September 2019, the growth of economic activity was largely determined by the service sector - by 15.5% per annum, the industrial sector - by 9.7%, the trade sector - by 8.8%, the construction sector - by 4.4%, and the energy complex and agriculture were in decline - by 2.2% and 4.8%, respectively.
The industrial product price index increased in January-September 2020 compared to the same period in 2019 by 0.9%, in September 2020 compared to September 2019 - by 1.4%, and in September 2020 alone - it decreased by 0.2%. A year earlier, in January-September 2019 compared to the same period in 2018, the industrial product price index increased by 1.6%, in September 2019 compared to September 2018 - by 0.5%, and only in September 2019 - by 0.2%.
On a monthly basis (in September), the decisive impetus to the growth of economic activity was given by the construction sector, which increased its volumes by 9.4% (against growth by 4.9% in September 2019 and 29.8% growth in August 2020), in a smaller the retail sector - by 5.2% from 0.4% in August (against 0.6% growth in September 2019), the service sector - by 4.1% (against 3.6% growth in September 2019 and 4.3% growth in August 2020) and the industrial sector - 3.1% (against 0.6% growth in September 2019 and 3.4% growth in August 2020).
Energy complex in September 2020 replaced 1.6% growth in August 2020. by 3.7% decline (against 8.8% decline in September 2019).
On an annualized basis (September 2020 to September 2019), all spheres showed a decline, with the exception of industry and construction - respectively, an increase of 1.8% and 0.6%, while the service sector showed a decline of - 18.3%, the trade sector - by 10.8%, the power complex - by 1.7%. A year earlier, in September 2019 by September 2018, these areas were in growth, and the pace of growth was led by the services sector - by 15.1%, industry - 11%, the energy complex - 9.3%, followed by the trade sector - 7.5 % and the construction sector - 4.2%.
According to statistics in January-September 2020, the absolute leadership is held by the trade sector with a volume of 2 trillion. drams ($ 4.2 billion). The industrial sector moved up to the second place in terms of volume - 1.4 trillion ($ 2.9 billion), shifting to the third service sector - 1.2 trillion drams ($ 2.6 billion), the fourth position is occupied by the agricultural sector - 555.2 billion drams ($ 1.1 billion), and the construction sector with a volume of 224.3 billion drams ($ 463.3 million). The volume of electricity generation was in January-September 2020. 5737 million kWh.
At the same time, Armenia's foreign trade turnover in January-September 2020 amounted to 2.4 trillion. drams ($ 5 billion) with an annual decline of 10.5%. In its structure, the volume of exports underwent an annual decline of 4.4% to 884.9 billion drams ($ 1.8 billion), and the decline in imports was more significant - by 13.7% to 1.5 trillion. drams ($ 3.2 billion). In September 2020 alone, foreign trade turnover increased by 4.9%, due to an increase in exports by 8.7% and imports by 2.7%.
Compared to September 2019, the decrease in foreign trade turnover by 12.4% was provoked by a significant decline in imports - by 20.4%, with an increase in exports by 4.6%. A year earlier, in January- September 2019, the growth of Armenia's foreign trade turnover amounted to 13.1%, which was due to an increase in imports by 20.5% and a more modest growth in exports - by only 0.2%. The average settlement rate of AMD to USD was in September 2020 AMD 486.69 / $ 1, and in January- September - AMD 484.20 / $ 1, against AMD 476.23 / $ 1 in September 2019 and AMD 481.52 ./$1 in January-September 2019
