Armenia`s foreign trade deficit registers decline

 Monday, October 26 2020 16:37:00
Armenia`s foreign trade deficit registers decline

ArmInfo. A more impressive decline in imports than exports reduced the foreign trade deficit of Armenia in January-September 2020 by 23.6% per annum (against an  increase of 0.5% a year earlier against the background of an increase  in exports and imports).

Armenian industrial sector accelerated annual growth in  January-August 2019 from 4.4% to 9.5%
 Thursday, October 10 2019 12:13

ArmInfo.The volume of industrial production in Armenia in January-August 2019 increased by 9.5% compared to the same period in 2018 (against 4.4% growth a year  earlier), amounting to 1.3 trillion. drams ($ 2.6 billion). According  to the Statistical Committee of the Republic of Armenia, the  acceleration of the upward trend caused a reversal in the direction  of growth in the dynamics of the mining sector and acceleration of  the growth of the manufacturing sector.

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Economic activity in Armenia increased by 7% y-o-y in Jan-Aug 2019
 Monday, October 7 2019 20:44

ArmInfo.In Armenia, economic activity in January-August 2019 increased by 7% per annum (almost repeating last year's growth of the same period), against the  background of a 4.6% growth in exports. In August this year versus  August 2018, economic activity increased by 7.6%, and in August 2019  alone- by 7.2%. A year earlier, in January-August 2018, against the  same period of 2017, economic activity increased by 7.7%, in August  compared with August 2017 - by 0.6%, and in August 2018 alone - by  7.9%.

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In January-September 2019,  consumer market of Armenia recorded a  deflation of 2.1% with y-o-y inflation of 1.6%
 Monday, October 7 2019 19:59

ArmInfo. In September 2019, inflation in the consumer market of Armenia was recorded at 0.2%, which was due to a rise in prices for non-food products by 0.4% and  an increase in tariffs for services by 0.2%, while food prices  remained unchanged. In the capital, consumer prices rose by 0.3% in  September. In January-September 2019, deflation in the consumer  market of 2.1% was due to a decrease in the price of food products by  5.5%, with a rise in price of non-food products by 0.6% and an  increase in tariffs for services by 0.9%.

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Number of employed people in Armenia in Q2 of 2019 reached almost 50%
 Monday, October 7 2019 16:51

ArmInfo.Unemployment in Armenia in the Q2 of 2019, compared with the same period in 2018, decreased by 2.6%, reaching 17.7%, the Facebook page of the Armenian government reports.

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CBA: Annual growth in plastic transaction volume slows as card number  growth accelerates
 Friday, October 4 2019 12:40

ArmInfo.In Armenia, the number of plastic cards accelerated growth in the first half of 2019 compared to the same period in 2018 from 15.7% to 18%, reaching 2.184  million. At the same time, the annual growth in the total volume of  plastic transactions slowed down to 19.3% in the first half of 2019  from 22.9% in the first half of 2018, amounting to 1.031 trillion  drams. This is evidenced by the Central Bank of Armenia.

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Armenia doubled import of light motor vehicles
 Thursday, September 12 2019 18:38

ArmInfo.In the H1 of  2019, Armenia doubled the import of light motor vehicles. According  to the Customs Service, during the reporting period, 53.2 thousand  pcs light motor vehicle were imported into the country, the customs  value of which in YOY terms increased by 29.5% - up to $ 139 million.

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Rough diamonds import growth accelerates in Armenia, while polished  diamond exports decline
 Thursday, September 12 2019 13:31

ArmInfo.In the first half of 2019, the volume of diamond exports from Armenia decreased by 17.7% per annum, against the 8.2% decline a year earlier. According  to the RA Customs Service, during the reporting period, Armenia  exported 101.2 thousand carats of diamonds, the customs value of  which decreased by 33.5% per annum to $ 28.5 million.

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In Jan-July 2019, y-o-y growth of service sector slowed down from  18.7% to 15.2%
 Tuesday, September 10 2019 13:26

ArmInfo. In Armenia, the  service sector in January-July 2019 increased volumes by 15.2% per  annum - up to 1.1 trillion drams ($ 2.2 billion) against 18.7% growth  a year earlier. According to the RA Statistical Committee, in July  alone, the volume of services provided increased by 7.7%, amounting  to 181 billion drams ($ 379.7 million).

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Inflow of transfers from Russia to Armenia is declining, while the  growth of cash outflow to Russia is slowing down
 Monday, September 9 2019 19:10

ArmInfo. The inflow of  transfers from Russia to Armenia in the first half of 2019 turned the  trend vector downward by 3.7% per annum from a 12.8% growth in the  same period of 2018.

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Volume of cargo traffic in Armenia in January-July 2019 decreased by  55.7% with growth of passenger transportation by 4.2%
 Monday, September 9 2019 14:19

ArmInfo. The volume of cargo traffic in Armenia in January- July 2019 compared to the same period in 2018 decreased by 55.7% (against growth by 10.4% a year  earlier), amounting to 7,490.9 thousand tons. Of these, 4 762.5  thousand tons (63.6% of the total) accounted for road transport with  a YOY decline of 66.6%. This is evidenced by the data of the RA  Statistical Committee.

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Electricity generation in Jan-July 2019 decreased by 5% per annum in  Armenia
 Friday, September 6 2019 19:47

ArmInfo. In January-July 2019, 4,302.4 million kWh of electricity were generated in Armenia, which is less than the indicator of the previous year by 5% (against  growth by 0.8% a year earlier). According to the RA Statistical  Committee in July alone electricity generation increased by 2.4% to  659.6 million kW/h.

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Production of aluminum foil in Armenia decreased in January-July 2019  by 3.5% per annum
 Friday, September 6 2019 18:04

ArmInfo.In Armenia, the output of aluminum foil in January- July 2019 compared to the same period in 2018 decreased by 3.5% - to 18,135 tons, against a 1.4%  growth a year earlier. According to the data of the Statistical  Committee of the Republic of Armenia the July volume of production of  aluminum foil increased by 11.8% - up to 2,797 tons.

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In the consumer market of Armenia, annual inflation in August 2019  amounted to 0.6%, with deflationary 2.3% in January-August
 Friday, September 6 2019 12:09

ArmInfo.In the consumer market of Armenia in January-August 2019, a deflation of 2.3% was recorded, against a 1.2% deflation in the same period of 2018. This  was triggered by a decrease in the price of food products (including  alcohol and cigarettes) by 5.5%, with a rise in price of non-food  products by 0.2% and an increase in tariffs for services by 0.7%.  According to the Statistical Committee of the Republic of Armenia, in  annual terms (compared with January-August 2018), 1.8% was recorded  in the consumer market (against inflation at 2.5% a year ago), which  was facilitated by a rise in price of food and non-food products by  3, 1% and 1.5%, and increase in tariffs for services by 0.2%. The  average monthly decline in consumer prices in January-August 2019 was  0.3%, against the 0.2% decline a year earlier.

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Economic activity in Armenia increased in January-July 2019 by 6.8%
 Friday, September 6 2019 11:54

ArmInfo. In Armenia, economic activity in January-July 2019 increased by 6.8% per annum and the services sector, trade and the industrial sector acted as  growth drivers. In July this year By July 2018, economic activity  increased by 8.1%, and only in July 2019 - by 12.8%. A year earlier,  in January-July 2018, against the same period of 2017, economic  activity increased by 9.3%, in July compared with July 2017 - by  11.1%, and only in July 2018 - by 8%.

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In January-August 2019, passenger flow through the airports of  Armenia increased by 37.1%
 Wednesday, September 4 2019 15:19

ArmInfo. In August of the current year the two airports of the Republic of Armenia served 399,635 people in total, thus exceeding the indicator of the same  month of 2018 by 15%. This is evidenced by the data of the  concessionaire - "International Airports of Armenia" CJSC.

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YOY growth of gold exported from Armenia accelerated sharply - from  3.7% to 32.8%
 Monday, September 2 2019 17:02

ArmInfo. 3 087.8 kg of gold, was exported from Armenia in the H1 of 2019, which is 32.8% more than the indicator of the previous year, against a growth of  3.7% in the same period of 2018. According to the RA Customs Service,  the customs value of exported gold increased in the H1 of 2019 by  41.1% - up to $ 116 million.

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In H1 of 2019, imports of oil products to Armenia increased by 4.1%,  with a decrease in customs value by 4.9%
 Monday, September 2 2019 16:19

ArmInfo.The imports of oilproducts to Armenia in quantitative terms increased in the H1 of 2019 by 4.1% per annum to 160.4 thousand tons, with a decrease in  customs value by 4.9% to $ 121.2 million, while a year earlier it was  recorded in the same period growth in both volume - by 14.8%, and  value - by 36.6%. This is evidenced by the data of the Customs  Service of Armenia.

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Armenia`s GDP grew in the first half of 2019 to $ 5.6 billion from $  5.1 billion a year earlier
 Wednesday, August 21 2019 14:49

ArmInfo.Armenia's GDP grew by 20.6% in the 2nd quarter of 2019, and by 6.5% year-on-year, against the 7.2% y-o-y growth in the same period of 2018. According to the  Statistical Committee of the Republic of Armenia, in the first half  of 2019, GDP amounted to 2.7 trillion drams or $ 5.6 billion (against  2.5 trillion drams or $ 5.1 billion a year earlier). Of this amount,  56% or 1.5 trillion drams ($ 3.1 billion) were ensured in the II  quarter of 2019. The GDP deflator index in the second quarter of 2019  amounted to 102.3%, against 104.4% in the second quarter of 2018.

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Avinyan: GDP growth of Armenia in H1 of 2019 increased by 6.8% per  annum  
 Tuesday, August 20 2019 18:21

ArmInfo.The GDP growth of Armenia in the first half of 2019 compared to the same period in 2018 amounted to 6.8%. Armenian Deputy Prime Minister Tigran Avinyan wrote about this on his Facebook page.

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Nikol Pashinyan: In H1 of 2019, the number of unemployed citizens compared to the same period last year decreased by 6.4% 
 Wednesday, August 14 2019 16:08

ArmInfo.Armenian Prime Minister Nikol Pashinyan announced a reduction in the number of unemployed citizens in the republic.

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