Armenian service sector generated revenue of $1.2 billion in first two months Monday, April 8 2024 16:56:00
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 ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million). |
Thursday, February 6 2020 13:14
ArmInfo.The annual growth in foreign trade between Armenia and Russia in 2019 accelerated to 14.9% from 11.2% in 2018, exceeding $ 2.2 billion. This was triggered by an acceleration in the growth of imports - from 7.2% to 17.4%, with a slowdown in growth exports from 19.6% to 10.3%, the volumes of which amounted to $ 1.5 billion and $ 734.5 million, respectively. According to the Statistical Committee of the Republic of Armenia, Russia holds the lead by a large margin. >>> |
Thursday, February 6 2020 11:59
ArmInfo.As of January 1, 2020, the population of Armenia exceeded 2.959 million people, having decreased by 0.2% or 6.1 thousand in annual terms. This is evidenced by the data of the Statcommittee of the Republic of Armenia. >>> |
Wednesday, February 5 2020 20:01
ArmInfo.The volume of cargo transportation in Armenia in 2019 decreased by 49.6% (against an increase of 3.7% in 2018), amounting to 14 722.2 thousand tons. Of these, 9 651.6 thousand tons (65.6% of the total) accounted for road transport, which decreased by 60.6% year on year (against an increase of 3.5% in 2018). This is evidenced by the data of the Statistical Committee of RA. >>> |
Wednesday, February 5 2020 20:00
ArmInfo.Revenues of the communications sector of Armenia for 2019 amounted to 147.2 billion drams, slowing y-o-y growth to stagnant 0.5% from 1% in 2018. According to the RA Statistical Committee, the telecommunications field, which dominates the communications sector (90%), provided revenues of 132.5 billion drams, having reduced it by 2.9% per annum, against the growth of 0.8% a year earlier. According to statistics, in December 2019 alone the total revenue of the communications sector increased by 5.1% to 13 billion drams. >>> |
Wednesday, February 5 2020 18:07
ArmInfo. In 2019, the metallurgical industry of Armenia slowed down the decline in production volumes to 4.7% from 7.2% in 2018 (against an increase of 11.3% in 2017). This is evidenced by the data of the Statistical Committee of RA. >>> |
Wednesday, February 5 2020 13:05
ArmInfo. The volume of industrial production in Armenia in 2019 compared to 2018 accelerated growth to 9% (against a slowdown in 2018 from 12.6% to 4.3%), amounting to 2.104 trillion. drams ($ 4.4 billion). The acceleration of the upward dynamics was provoked by the trend of the mining sector from recession to growth with continued growth in the manufacturing industry. In December 2019 alone, industrial production increased by 14.7% (against an increase of 12.5% in December 2018) with a volume of 247.8 billion drams ($ 518.2 million). >>> |
Wednesday, February 5 2020 12:34
ArmInfo. In Armenia, the growth of economic activity in January- December 2019 accelerated to 7.8% per annum, compared to a slowdown in 2018 to 5.8% from 7.7% in 2017. >>> |
Nominal wages increased weightier as a result of higher wages of public employees in Armenia in 2019
Friday, January 31 2020 16:27
ArmInfo. Nominal wages in Armenia accelerated growth rates - up to 5.8% in January-December 2019 from 3.8% in January-December 2018, amounting to 182750 drams ($ 380). In December alone, nominal wages increased by 26.4%, against a 23.4% increase in December 2018. In December 2019, as compared to December 2018, the nominal wage increased by 5.4%, against a growth of 2% in December 2018 compared to December 2017. >>> |
Friday, January 31 2020 16:16
ArmInfo. The small prevalence of import growth rates (10.8%) over export (9.4%) sharply has slowed down the growth of the foreign trade deficit of Armenia in January- December 2019 compared to January-December 2018 to 12.6%. A year earlier, in January-December 2018, the foreign trade deficit jumped by 31.7% per annum against the backdrop of a sharp slowdown in export growth from 25.2% to 7.8% with a slight slowdown in import growth from 27.8% to 21.1%. >>> |
Friday, January 31 2020 14:05
ArmInfo.In Armenia, the growth of economic activity in January- December 2019 has accelerated to 7.8% per annum, against a slowdown in 2018 to 5.8% and 7.7% in 2017. >>> |
Wednesday, January 15 2020 19:04
ArmInfo.Revenues of the communication field of Armenia in January-November 2019 amounted to 134.3 billion drams, having increased in y-o-y terms by 0.9% (against growth by 0.8% a year earlier). According to the RA Statistical Committee, the telecommunications segment, which dominates the communications sector (90.2%), provided revenue of 121.1 billion drams, having reduced it by 2.6% per annum (against the growth by 0.5% a year earlier). >>> |
Wednesday, January 15 2020 18:36
ArmInfo. The volume of cargo transportation in Armenia in January-November 2019 compared to the same period in 2018 decreased by 50.7% - up to 13,272.8 thousand tons. Of these, 8 707.5 thousand tons (65.6% of the total) accounted for road transport, which decreased by 61.5% y-o-y. This is evidenced by the data of the Statistical Committee of RA. >>> |
Wednesday, January 15 2020 18:35
ArmInfo. In January-November 2019, Armenia increased the production of all alcoholic beverages produced in the country, in particular brandy, wine (including sparkling wine), beer, vodka and whiskey. Whereas a year earlier over the same period, production growth was registered only in the production of brandy and beer. >>> |
Wednesday, January 15 2020 18:34
ArmInfo. In January-November 2019, textile production showed the highest growth rates among the segments of the manufacturing industry of Armenia. Thus, according to the Statistical Committee of the Republic of Armenia, the volume of textile production has grown 1.7 times year over year for 1.7 fold (against an increase of 22.4% a year earlier), amounting to 1.2 billion drams. >>> |
Wednesday, January 15 2020 14:47
ArmInfo.The y-o-y growth in foreign trade between Armenia and Russia in January-November 2019 slowed to 12.6% from last year's 13.5%, amounting to $ 1.98 billion. This was triggered by a slowdown in export growth from 19.3% to 10.8%, with accelerating growth of imports - from 10.6% to 13.6%, the volumes of which amounted to $ 671.5 million and $ 1.3 billion, respectively. According to the Statistical Committee of the Republic of Armenia, Russia holds the lead with a large margin. >>> |
Tuesday, January 14 2020 19:54
ArmInfo.The unemployment rate in Armenia, calculated by the new method, increased over the Quarter 3 of 2019 from 17.7% to 18%, against 20.1% a year earlier. According to the RA Statistical Committee, the new calculation method does not take into account those employed in the household. >>> |
Tuesday, January 14 2020 19:05
ArmInfo.The budget of Armenia was summed up in January- November 2019 with a surplus of 40.2 billion drams ($ 84 million), with a y-o-y growth of 2.8-fold, while a year earlier a deficit was recorded in the same period (with a 2.7-fold y-o-y decline) . According to the RA Statitical Committee, the budget revenues of Armenia accelerated the y-o-y growth from 6.2% to 18.7%, while expenditures turned from the 1.7% decline to 10.5% growth, amounting to 1.398 trillion and 1.358 trillion drams respectively. >>> |
Tuesday, January 14 2020 17:36
ArmInfo. The gross external debt of Armenia increased by October 1, 2019 by 7.7% per annum or $ 829.8 million - up to $ 11.7 billion (against an increase of 9.5% a year earlier). >>> |
Tuesday, January 14 2020 16:58
ArmInfo. By December 1, 2019, the public debt of Armenia reached $ 7.2 billion (3.4 trillion drams), slightly slowing y-o-y growth - from 6.3% to 5.8%, due to a slowdown in external debt growth to 3.7% and a continuing relatively high growth in domestic debt - 7.1% (versus 5.9% and 7.7% growth, respectively, a year earlier). This is happening against the backdrop of accelerating growth in economic activity in January-November 2019 to 7.5% per annum from 5.7% in January-November 2018. >>> |
Friday, January 10 2020 16:06
ArmInfo. In December 2019 two airports of the Republic of Armenia served 238,066 people in total, thus exceeding the indicator of the same month of 2018 by 6%. >>> |
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