Growth of Armenia`s economic activity to 14.5% in 10 months was  accompanied by increase in exports and imports

 Monday, December 5 2022 17:20:00
Growth of Armenia`s economic activity to 14.5% in 10 months was  accompanied by increase in exports and imports

ArmInfo. In Armenia, economic activity in January-October 2022 accelerated growth to 14.5% per annum (from 4.3% a year earlier), far exceeding the pre-Covid 7.1%  growth (in the same period in 2019). This is accompanied by  impressive growth in exports and imports.  This is evidenced by the  final data of the RA Statistical Committee, according to which the  service sector continues to be the driver of economic growth to a  greater extent.

Armenia increased electricity generation by 16.6% in 8 months
 Monday, October 10 2022 20:58

ArmInfo.5,867.6 million kWh of electricity was produced in Armenia in January-August 2022, which is 16.6% higher than the figure of a year ago (against the 1.5%  decrease of the previous year).  According to the data of the RA  Statistical Committee, in August alone electricity generation  increased by 2.7% - up to 749.9 million kWh.

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Armenia has significantly increased polished diamond exports and  rough diamond imports
 Friday, September 2 2022 18:51

ArmInfo. In H1 2022, Armenia significantly increased the export of polished diamonds  (2.1-fold) up to 715.2 thousand carats, while their customs value  increased 2.8-fold to $134.1 million. This is evidenced by the data  of the RA Customs Service.

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Armenia significantly increased gold exports in H1 2022
 Friday, September 2 2022 16:39

ArmInfo. In H1 2022, Armenia exported 2,514.8 kg. gold (including electroplating), which  is 76% higher than a year ago. The customs value of exported gold  also increased significantly - by 75%, amounting to $93.9 million.  This is evidenced by the data of the RA Customs Service.

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Negative balance of migration in Armenia in H1 2022 decreased by 46% 
 Thursday, August 25 2022 22:59

ArmInfo. In H1 2022, 213,652 citizens of the Republic of Armenia (32.7% of the total number of migrants) returned to Armenia from abroad, which is 56% more than a  year ago. According to the data of the border electronic management  system, during the reporting period, 255,460 citizens of the Republic  of Armenia left the country (40.1% of the total number of migrants),  with a y-o-y increase of 19.1%.

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Economic activity shows two-digit growth in Armenia 
 Thursday, August 25 2022 14:57

ArmInfo.An increase in economic activity up to 13.1% (5.2% last year) in Armenia this January-July, was accompanied by an upward trend in exports and imports. This July  against July 2021, 19.4% economic activity was recorded (5.8% in the  corresponding period last year), with 8.5% growth recorded this July  against 17% this June, similarly to last July (7.4% against 12% last  June). 

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Airlines, hotels, banks, rental and leasing sectors registered  significant increase in service volumes in Armenia
 Tuesday, August 9 2022 16:55

ArmInfo.The service sector sharply accelerated growth in Armenia, in H1 2022, from 2.7% to 26.9%, as a result of which its volume exceeded 1.1 trillion drams  ($2.4 billion).  This is evidenced by the data of the RA Statistical  Committee, according to which in June alone, the volume of services  provided increased by 8% (against 3.9% a year earlier), amounting to  226.7 billion drams ($536.4 million).

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Cargo traffic down, passenger traffic up in Armenia in first half,  2022
 Tuesday, August 9 2022 16:43

ArmInfo. In the first half of 2022, This January, the cargo traffic totaled 8,332.6 thousand tons - an 11.2% increase against an 18.4% increase last year. During the  period under review, passenger traffic showed a 40.4% increase  against a 17.7% increase (71,030.5 thousand passengers). 

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Growth of trade sector was facilitated by increase in activity in  wholesale and car trade markets
 Tuesday, August 9 2022 16:31

ArmInfo.The trade sector of Armenia in H1 2022 accelerated y-o-y growth from 8% to 10.7%, with a volume of 1.8 trillion drams ($3.8 billion). According to the RA  Statistical Committee, in June alone, the trade sector provided  revenue of 378.7 billion drams ($896 million), with a monthly  increase of 12.8% (against 7.2% growth in June 2021).  

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4.5% increase in proceeds of Armenia`s communication sector in first  half 2022
 Tuesday, August 9 2022 12:37

ArmInfo.  In the first half of 2022, the proceeds of Armenia`s communication service system totaled AMD 73.965bln or $158mln  - a year-on-year increase of 4.5%.

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Accelerated growth of Armenian industrial sector was driven by  processing industry
 Monday, August 8 2022 18:13

ArmInfo. Production volumes in the industrial sector of Armenia in H1 2022 accelerated growth to 5.8% (from 2.1% a year earlier), reaching 1.2 trillion drams ($2.5  billion).  This is evidenced by the data of the RA Statistical  Committee, according to which the industry showed an increase of  17.1% with ay-o-y growth of 19 % in June alone  (June 2022 to June  2021).

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Double-digit growth in economic activity in Armenia is accompanied by  surge in imports and exports
 Friday, August 5 2022 16:17

ArmInfo. The growth of economic activity in Armenia accelerated in H1 2022 to 11.8% per annum (from 5% in the first half of 2021), exceeding even the pre-Covid 6.5%  growth in H1 2019, which was accompanied by a surge in imports and  exports.

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Production of aluminum foil in Armeniaincreased by 8% in June 2022
 Friday, August 5 2022 15:52

ArmInfo. 16,009.1 thousand tons of aluminum foil were produced in Armenia in H1 2022, which is 5.5% lower than the indicator of a year ago (against a 2.9% decline a  year earlier).

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Metallurgy industry of Armenia sums up H1 2022 with a 7% decline
 Friday, August 5 2022 15:51

ArmInfo.The metallurgy industry of Armenia reduced its volumes in H1 2022 by 7% while a year earlier in the same period a 20.3% growth was recorded.

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Further rise in food prices in Armenia 
 Thursday, August 4 2022 12:58

ArmInfo.This July, 9.3% inflation was recorded in Armenia's consumer market against 8.2% inflation last July because of a 12.9% rise in food prices (including  prices for cigarettes and alcohol) and an 8.2% rise in nonfood  prices, with a 5.7% rise in prices for services. Last July against  July 2020, a 13.1% rise in food prices and a 9.6% rise in nonfood  prices was recorded, with a 1.8% rise in prices for services. 

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Double-digit growth of economic activity in Armenia is accompanied by  high growth rates of imports and exports
 Monday, July 25 2022 17:06

ArmInfo. In Armenia, economic activity in H1 2022 increased by 11.8% per annum (against 5% growth in H1 2021 and 6.5% growth in H1 2019), which is accompanied by high growth rates of imports and exports. In June of this year, by June  2021, economic activity increased by 18.5% (against 8% growth a year  earlier and 3.4% growth in 2019), while in June 2021 alone  accelerating growth to 17% from 6.1% in May (against a similar growth  acceleration in June 2021 from 2% to 12%, and a slowdown from 8.4% to  8.2% in June 2019). This is evidenced by the preliminary data of the  RA Statistical Committee. 

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In Q1 2022, unemployment rate in Armenia decreased to 14.8%
 Wednesday, July 13 2022 18:57

ArmInfo. In Q1 2022, the unemployment rate in Armenia decreased to 14.8% from 16.7% in the same period a year earlier, but compared to the indicator for Q4 2021  (14.5%), it was slightly higher. This is evidenced by the data of the  RA Statistical Committee.

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South Caucasus Railway company transports 1.5mln tons of cargoes in  first half of 2022
 Tuesday, July 12 2022 13:30

ArmInfo.In the first half of 2022, the South Caucasus Railway company transported a total of 1.5mln tons of cargoes, as much as in the first half of 2021.

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Armenia`s metallurgy industry records 5.8% decline in Jan-May 
 Tuesday, July 12 2022 11:33

ArmInfo. This January-May, Armenia's metallurgy industry recorded a 5.8% decline in the output against a 17% growth last January-May. 

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Year-on-year inflation over 10% on Armenia`s consumer market in June  2022
 Wednesday, July 6 2022 17:17

ArmInfo.The annual inflation reached 10.3% on Armenia's consumer market this June (against 6.5% last year) due a 16.1% rise in prices for food products (including  alcohol and cigarettes), and a 7.5% rise in prices for nonfoods, with  a 5.3% rise in prices for services against an 8.8% rise in prices for  food products, 9.5% rise in prices for nonfoods and  2.1% rise in  prices for services last June against June 2020. 

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Service sector is main driver of double-digit economic growth in  Armenia
 Monday, June 27 2022 17:58

ArmInfo.In Armenia, the growth of economic activity accelerated in January-May 2022 to 10.2% per annum (from 4.3% a year earlier), which is accompanied by high growth rates  of exports and imports. In May of this year, by May 2021, economic  activity accelerated growth to 13% (from 10.9% a year earlier), while  increasing by 6.1% in May 2022 (against 2% growth in May 2021 and  5.3% growth in April 2022).

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