ArmInfo.A 12% increase in economic activity was recorded in Armenia this January-February as compared with last January-February (against a 6.7% decline the previous period and a 6.5% increase in January-February 2019).
A 9% increase in economic activity was recorded this February against last February (against a 5.3% decline the previous year and a 7.6% increase in February, 2019). This February alone saw a 6% increase in economic activity against a 12.4% increase in February 2021 and s 9.3% increase in February 2019.
According to the RA Statistical Committee, the year-on-year increase in economic activity was mainly due to the energy, services and industrial sectors.
Specifically, the energy sector recorded the highest year-on-year growth - 21.9%, followed by the services sector (20.1%), industry (9.7%), trade (8.2%) and construction (4.9%). No data on the agricultural sector are available.
Last January-February (against January-February 2020), the construction sector was the only one to record growth (1%). All the other sectors recorded declines: the services sector (12.5%), trade (11.3%), industry (7.9%), energy (5.8%). In January-February, 2019, the highest growth was recorded in the construction sector (21.6%), services sector (17.5%), trade (13.1%), with the industrial sector recording only 1.9%. The energy sector recorded a 21% decline.
This February compared with last February, the energy and services sectors recorded respective growth of 25.1% and 19%. The previous year, the sectors recorded respective declines of 13.7% and 12.2%. The construction and trade sector recorded respective growth of 6.3% and 5.3%, with accelerating rates as compared with last year - from a 1.1% growth in construction and from a 7.8% decline in trade. In February 2019, the construction sector recorded a 21.3% growth, the services sector, 19.3% growth, trade sector, 8.3% growth, industry, 4.7% growth. The energy sector recorded a 14.5% decline.
This February, the energy sector was the only one to record a decline - a 10.3%. The other sectors recorded growth: 30.8% in the construction sector, 11.9% in the trade sector, 1.4% in the industrial and services sectors each. Last February, the energy sector was the only one to record a decline (14.5%), with the other sectors recording growth: construction (28.4%), trade (9.7%), industry (15.3%), services (4.3%). In 2019, the construction and services sectors recorded the highest growth - 29% and 18.4% respectively, followed by the industrial and services sectors (8.9% and 5.4%), with the energy sector recording a 6.1% decline.
This January-February, the index of prices for industrial products showed a 10.7% year-on-year rise, with a 3.7% is this February and a 12.3% rise this February against last February. January-February 2021 saw a 6.2% year-on-year rise in the index of prices for industrial products, with a 0.5% rise last February alone, and a 7% rise last February as compared with February 2020.
This January-February, in absolute terms, the trade sector was the leader - AMD 489.5bln ($1.02mln), followed by the industrial sector (AMD 365.3bln or $759.2mln), services sector (AMD 316.3bln or $657.4mln), construction (AMD 32.7bln or $68.04mln). No data on the agricultural sector are available. This January-February, the electric energy output totaled 1,678.9mln kwh, with 793.7mln kwh this February.
This January-February, Armenia's foreign trade turnover totaled AMD 683.5bln ($1.4bln) - a 52.4% year- on-year growth. It was due to a 40.1% growth in exports (up to AMD 242.4bln or $503.7mln) and a 60.2% growth in imports (up to AMD 441.1bln or $917mln).
This February alone saw an 11.9% growth in Armenia's foreign trade turnover due to a 17.7% growth in imports and a 2.1% growth in exports. In February 2022 against February 2021, the 44.9% growth in Armenia's foreign trade turnover was caused by a 54.7% growth in imports and a 29.1% growth in exports.
In January-February 2021, Armenia's foreign trade turnover recorded a 12.2% decline due to a 5.5% decline in exports and a 15.8% decline in imports. Last February alone, the 21.8% growth in exports and 26.9% growth in imports caused a 24.9% growth in Armenia's foreign trade turnover. On the other hand, in February 2021 as compared with February 2020, a decline is imports and exports, 13.6% and 2% respectively, caused a 9.5% decline in the foreign trade turnover.
This January-February, the average AMD/USD exchange rate was 481.12/$1 against 522.37/$1 last January-February, and AMD 480.24/$1AMD this February against 523.54/$1 last February.
