ArmInfo.Jan-Sept 2021 saw a 4.3% increase in economic activity against a 6.7% decline last Jan-Sept, with 7.1% increase recorded in Jan-Sept 2019, before the COVID-19 pandemic.
According to the preliminary data by the RA Statistical Committee, a 3.6% increase in economic activity had been recorded by October 2020 against an 8.1% the previous year, with a 7.7% pre-COVID-19 increase recorded. This October alone, a 4.9% decline in economic activity was recorded (just as last year) against a 12.6% increase this September, which was also the case in the pre-COVID-19 period 0 a 4.7% decline in October 2019.
This January-October, the increase in the economic activity was mainly due to trade sector (7%), services sector (6.4%) and construction (5.9%). The industrial sector showed a 1.1% increase, with a 3.1% decline in the energy sector. The data on the agricultural sector are available for each three-month period. Last January-October, the industrial and energy sector were the only ones to record an annual growth - 0.5% and 1.7% respectively. The other sector showed a serious decline: construction (13.3%), 12.8% in the services sector, 12.5% in trade.
This January-October, the index of prices for industrial products showed a 9.9% rise as compared with the corresponding period of last year, with a 10.8% rise this October against last October. In October 2021 alone, a 0.2% rise was recorded against a 2.7% rise the previous month. Also, last January-October, the index in prices for industrial products showed a 2% rise as compared with the corresponding period of 2019, with a 4.1% rise recorded last October as compared with October 2019. Last October alone, the index showed a 0.7% decline after a 0.9% rise last September.
This October, the trade and services sector showed a 3.8%-1.5% decline against a 1.6%-3.4% increase this September. The other sector showed increase: the industrial sector (up to 9.6% against 5.9% this September), energy sector (a 5.8% increase against a 4.5% decline this September), construction (a 4.2% increase against 10.1% increase this September). Last October, the construction and industry were the only ones to show increase - 3.2% and 3% respectively, with the rest sectors showing decline: trade (13.4%), services sector (2.9%), energy sector (1.8%).
Annually, (October 2021 against October 2020), the energy sector was the only one to show a decline of 6.2% (against a 3% increase last October). The other sectors showed increase: the services and trade sectors showed the highest increase - 14.6% and 12.7% respectively; the industrial and construction sectors showed an increase of 3.9% and 3.6% respectively. Also, last October against October 2019, the energy and construction sectors showed an increase (a 0.3% increase in construction), with the rest sectors recording decline: the services sector (21%), trade (20.9%), industry (3%). This January-October, in absolute figures, the trade sector was the leader - AMD 2,7bln ($5.3bln), followed by the industrial sector (AMD 1,800bln or $3.6bln), the services sector (AMD 1,500bln or $3bln), the construction sector (AMD 305.7bln or $601.5mln), with no data on the agricultural sector. This January-October, the electric energy output totaled 6,163.2mln kwh, with 582.3mln kwh this October alone.
This January-October, Armenia`s foreign trade turnover totaled AMD 3,300bln ($6.5bln) - a 13.6% year- on-year increase. Exports totaled AMD 1,200bln ($2.4bln) - a 16.9% increase. Imports totaled AMD 2,100bln ($4.1bln) - an 11.8% increase. This October, Armenia`s foreign trade turnover showed higher increase rates - 1.3% up to 12.5% due to a reversal in the exports dynamics - a 16.7% increase against a 16% decline, with a lower increase in imports - 10.5% against 12.2%. The 24.1% increase in the foreign trade turnover this October against last October was mainly due to a 29.4% increase in imports rather than due to a 14.7% increase in exports.
Last January-October, an 11.4% decline in Armenia`s foreign trade turnover was mainly due to a 14.9% decline in imports and a 4.4% decline in exports. Last October alone, the country`s foreign trade turnover showed a 4.3% decline due to a 12.9% decline in exports and a 1.2% increase in imports. However, a 18.5% decline in Armenia`s foreign trade turnover last October as compared with October 2019 was due to a 24.3% decline in imports and a 5.4% decline in exports.
The average exchange rate was AMD 479.25$1 this October, AMD 508.24$1 this January-October against AMD 479.74$1 last October and AMD 484.96$1 last January-October respectively.