Armenia’s economic activity rate increased by 5.8% in 2018

YEREVAN, JANUARY 31, ARMENPRESS. According to the main macro-economic indicators released by the National Statistical Committee, Armenia’s economic activity rate in January-December 2018 increased by 5.8% compared to January-December 2017. The economic activity rate increased by 6.4% in December 2018 compared to December 2017, reports Armenpress.

Decline was registered in the gross agricultural output volume.

According to the January-December 2018 indicators, the growth in the construction sector comprised 4.5%. The electricity production volume increased by 0.2% compared to the same period of 2017.

The services volume (trade excluded) increased by 18.8%.

The gross agricultural output volume declined by 7.6%.

The consumer price index increased by 2.5%, and that of the industrial production prices – by 1.6%.

The trade turnover increased by 8.7%. The industrial production volume recorded an increase of 4.3% compared to January-December 2017. The average monthly nominal wage increased by 3.8% (172.357 drams).

External trade turnover volumes increased by 16.4% in January-December 2018 compared to January-December 2017. Moreover, the export grew by 7.8%, and the import – by 21.1%.

Edited and translated by Aneta Harutyunyan