In Q1 of 2020, the highest decline was recorded in volume of services  in education field 

 Wednesday, May 20 2020 16:47:00
In Q1 of 2020, the highest decline was recorded in volume of services  in education field 

ArmInfo. In the first quarter of 2020 the service sector in Armenia reduced the y-o-y growth rate from 17.3% (for the same period of 2019) to 5.7%, amounting to 452.4 billion AMD ($ 937.8 million). According to the data of the  Statistical Committee of the Republic of Armenia, for March 2020 the  volume of services provided decreased by 5.3%, to 147.1 billion drams  (over $ 301 million).

Armenia`s communications sphere declines
 Monday, May 11 2020 18:44

ArmInfo. Revenues of the communication sphere of Armenia in the first quarter of 2020 amounted to 34.8 billion drams ($ 72.2 million), decreasing by 1.2% year on  year, against the 2.3% growth a year earlier.

Passenger transportation decreased in Armenia in I quarter of 2020  against the background of growth in cargo transportation
 Monday, May 11 2020 18:40

ArmInfo.The volume of cargo transportation in Armenia in the I quarter of 2020 increased by 2.6% compared to the same period of the previous year - up to 2927.3  thousand tons, against the decline by 60.3% a year earlier. Of these,  1,592.8 thousand tons (54.4% of the total) accounted for road  transport, which decreased by 4.8%, against a decline of 72.2% a year  earlier. This is stated in the report of the Statistical Committee of  the Republic of Armenia.

Armenian alcohol industry declines
 Friday, May 8 2020 13:53

ArmInfo. According to the results of the 1st quarter of 2020, the alcohol industry of Armenia reduced production volumes for all types of products. This is evidenced by  the data of the RA Statistical Committee.

In Armenia birth rate for  Q1 of 2020 reduced by 4.7%
 Wednesday, May 6 2020 16:17

ArmInfo. In Q1 of 2020, 7,578 babies were born in Armenia, which is by 4.7% lower than the indicator of the previous year, and by 8.7% in comparison with the same period of 2018. According to the RA Statistical Committee, the birth rate per 1000 inhabitants for the reporting year decreased from 10.9 to 10.3 ppm, compared to 11.3 two years earlier.

In Armenia negative migration balance following the results of Q1 of 2020 decreased by 19.3%
 Wednesday, May 6 2020 15:40

ArmInfo.  In Armenia negative migration balance in the Q1 of 2020 amounted to 983 people , which is less than the indicator of the previous year by 19.3%, and compared with the same period of 2018 the decline was recorded at 20.9%. This is evidenced by the data of the Statistical Committee of RA.

In Q1, 2020 growth of economic activity in Armenia slowed down from  6.5% to 4%
 Monday, April 27 2020 15:11

ArmInfo.In Armenia, economic activity in January-March 2020 compared to January-March 2019 slowed to 4%.

In 2019, the unemployment rate in Armenia decreased by 1.6%
 Monday, April 6 2020 19:04

ArmInfo. In 2019, the unemployment rate in Armenia decreased by 1.6%. So, according to the results of 2019, the average annual unemployment rate in the RA was  17.9%, compared to 20.5% in 2018 and 20.8% at the end of 2017. 

The volume of passenger traffic in Armenia in January-February 2020  decreased by 1.8%
 Monday, April 6 2020 17:54

ArmInfo.Passenger traffic in Armenia in January-February 2020 decreased by 1.8% - to 28726.1 thousand people, against a decline of 0.9% a year earlier. This is  evidenced by the data of the RA Statistical Committee. Moreover, the  deepest decline is observed in terms of air transportation - by 20.1%  to 472 thousand people. Road transport decreased by 2.8% to 24,338.2  thousand people.

YOY growth rates of Armenia`s communications sector`s revenue slowed  down in Jan-Feb 2020 
 Monday, April 6 2020 16:23

ArmInfo. Revenue of Armenia's communication sector in January- February 2020, amounted to 23.2 billion drams ($ 48.5 million), and the y-o-y growth slowed from  2.5% to 0.5%. According to the RA Statistical Committee, the lion's  share of the total revenue was provided by the telecommunications  sector - 90% or 20.9 billion drams, which was reduced by 0.6%  (compared to a 1.5% decline last year).

In Armenia, the growth in revenue of the communications sector by  February 2020 almost reached stagnation
 Thursday, March 5 2020 19:20

ArmInfo. Revenues of the communication sector of Armenia in January 2020 amounted to 11.8 billion drams, slowing y-o-y growth to 0.8% from 1.8% a year earlier.  According to the Statistical Committee of the Republic of Armenia, of  the total revenue, the lion's share was provided by the  telecommunications sector - 89.2% or 10.6 billion drams, with an  annual decline of 1.6% (against the decline of 2.5% a year earlier).

Volume of cargo transportation in Armenia in Jan 2020 increased by  5.6% per annum amid decline in passenger transportation by 1.1%
 Thursday, March 5 2020 19:02

ArmInfo. Cargo transportation in Armenia in January 2020 versus January 2019 increased by 5.6% to 951.7 thousand tons. As noted in the report of the Statistical  Committee of the Republic of Armenia, of the total volume, 51.4% or  489.7 thousand tons accounted for road transport, which decreased by  1.3% in y-o-y terms.

Trade turnover in Armenia increased in January 2020 by 10.3% per  annum
 Thursday, March 5 2020 18:55

ArmInfo. In Armenia, trade  turnover in January 2020 versus the same period of 2019 slowed down  the annual growth rate from 19.3% to 10.3%, amounting to 207.3  billion drams ($ 432.6 million).

Growth in Armenia`s service sector slows down 
 Thursday, March 5 2020 18:44

ArmInfo.  In Armenia, the service sector in January 2020 increased volumes by 13.4% per annum to 151.5 billion drams ($ 316.1 million), against the 15.6% growth a  year earlier.

In Jan 2020, Armenian metallurgical industry increased volumes by  49.3% per annum
 Thursday, March 5 2020 18:36

ArmInfo. The metallurgical industry of Armenia in January 2020 compared to January 2019 increased production by 49.3%, compared with a 5% decline a year  earlier. According to the RA Statistical Committee, in January 2020,  ferromolybdenum production increased by 15.6% compared to the same  period in 2019, amounting to 562 tons, compared to an increase of  40.9% a year earlier.

In January, aluminum foil production in Armenia registered growth
 Thursday, March 5 2020 18:24

ArmInfo. In Armenia, the production of aluminum foil in January 2020 compared to the same period in 2019 increased by 37.2% - up to 2901 tons, against the  32.9% decline a year earlier. This is evidenced by the data of the  Statistical Committee of the Republic of Armenia.

In Armenia deflation of consumer prices in February was due to  cheapening of food products 
 Thursday, March 5 2020 16:52

ArmInfo. In February 2020, the consumer market of Armenia recorded a deflation of 0.2% with a y-o-y deflation of 0.5%, against inflation of 0.6% in February 2019 and  y-o-y inflation of 1.9%. As the RA Statistical Committee reported to  ArmInfo,  in Yerevan in February 2020  consumer prices decreased by  0.1%, compared to an increase of 0.7% in February 2019.

Electricity generation increased by 18.7% per annum in Armenia in  January 2020
 Thursday, March 5 2020 16:39

ArmInfo. In Armenia in January 2020 electricity generation  amounted to 726.3 million kWh, with a y-o-y growth of 18.7%, against a decline of 26.3% a year earlier.

In January 2020 in Armenia industrial sector`s volume increased by  13.4% per annum 
 Thursday, March 5 2020 16:33

ArmInfo. In Armenia in January 2020The volume of industrial production increased by 13.4% compared to the same period in 2019 (against the decline by 0.6% a year  earlier), amounting to 144.15 billion drams ($ 300.8 million).  According to the RA Statistical Committee, the growth of the  industrial sector is due to the reversal of the trend of the mining  sector from downward to upward and accelerating the growth of the  manufacturing industry.

Armenia is ahead of Azerbaijan in index of most peace-loving  countries
 Monday, March 2 2020 17:28

ArmInfo. Peaceful relations between the state and the rest of the world have a significant and important role in the development of the economy. This year, the  thirteenth edition of the Global Peace Index was released, in which  163 independent states were ranked according to their degree of  peacefulness.

Armenia`s services sector increased volumes by 15% - up to $ 4.3  billion for 2019
 Thursday, February 20 2020 14:50

ArmInfo. In Armenia, in 2019 the service sector increased volumes by 15%, exceeding 2  trillion drams ($ 4.3 billion), against 18.8% growth a year earlier.  In December alone, the services sector provided growth of 21% - up to  241.8 billion drams ($ 449.2 million).



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