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Armenia's GDP grew by 12,1% in Jan. July 2008

The growth of Armenia's GDP in January-July of 2007 totaled 12,1%, as compared to the same period of 2006, making the country an attractive place for new investments. As the press service of the National Statistical Service of Armenia told Mediamax today, the GDP volume in January-July of 2007 totaled 1287363.0mln drams.

The volume of industrial production in Armenia in January-July of 2007 stood at 388117.0mln drams, having increased by 1.3%, as compared to the same period of 2006.

The average monthly salary in Armenia in January-July of 2007 increased by 19.8%, as compared to the same period of 2006, thus making 72249 drams.

The salary of budget organizations has increased by 21.7%, making 53230 drams during the accounting period, and the salary of non-budget organizations stood at 90170 drams (growth – 19.4%).

Armenia’s foreign trade turnover in January-July of 2007 increased by 37,0%

The foreign trade turnover of Armenia in January-July of 2007 totaled 800.5bln drams or $ 2262.9mln, having increased by 37,0% as compared to the same period of 2006.

As the press service of the National Statistical Service of Armenia told Mediamax today, the export volume during the accounting period made 222.9bln drams or $631.1mln, and the import volume totaled 577.6bln drams or $1631.8mln.

The deficit of the foreign trade balance in January-July of 2007 stood at 354.7bln drams or $1000.7mln.

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