ArmInfo. In Armenia, the service sector in January-July 2020 reduced volumes by 11.7% per annum - to 1.2 trillion drams ($ 2.6 billion) against 15.5% growth a year earlier. According to the data of the Statistical Committee of the Republic of Armenia, in September alone, the volume of services provided increased by 4.1%, amounting to 151.9 billion drams ($ 312.1 million).
During the reporting period, only the information and communications sector and the financial sector managed to maintain positive dynamics, where the volume of services provided increased by 7.6% (against an increase of 8% a year earlier) and 7.4% (against an increase of 18.3% in 2019) respectively.
As for the remaining sectors, the volume of revenue in y-o-y terms from growth turned the vector towards a decline, in particular catering and organization of accommodation for tourists - from a 29.6% growth to a 48.1% decline, culture, entertainment and recreation - from 23.8% growth to 9% decline, education - from 4.9% growth to 11.5% decline, healthcare - from 14.1% growth to 4.6% - decline, real estate - from 4.6% growth to 11.9% decline, transport - from 8.1% growth to 32.6% decline, administrative and support activities - from 11.2 % growth by 41.3% decline, professional, scientific and technical activities - from 4.4% growth to 8% decline.
According to the statistics, the financial sector is the leader in terms of the volume of services provided - 344.2 billion drams (27.2% of the total). The second place in terms of services is occupied by culture, entertainment and recreation - 273.4 billion drams (21.6% of the total). The third place is taken by the field of information and communication - 211.8 billion drams (16.7%), with the main load falling on the telecommunications segment. The fourth place is taken by the transport sector - 117.2 billion drams (9.3%). The five leaders in terms of the volume of services provided are closed by the catering and tourism sectors - 73.5 billion drams (5.8%).
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.
