YEREVAN, FEBRUARY 28, ARMENPRESS. The Armenian government will not be satisfied with the high economic growth rates recorded in 2017 and will target its stability and inclusive growth, Suren Karayan – minister of economic development and investments, said in response to an inquiry of ARMENPRESS, commenting on the 7.5% GDP growth rate recorded in 2017.

-Mr. Karayan, the National Statistical Service summed up the GDP figure for 2017. What is the overall picture and what fields did mainly contribute to the economic growth?

-The GDP growth comprised 7.5% in 2017 which in the context of the past ten years is quite an impressive figure for our economy. The GDP growth was mostly contributed by the services (3.6%) and industry (1.8%). Moreover, thanks to the 10.4% industry growth, which differs from the figures recorded for years (except 2011, the increase was 13.6%), the industry’s share in GDP reached 17% which is the highest figure since 2006. The GDP growth was also contributed by the trade (1.7%) and construction (0.2%). Despite its small contribution, the construction field provides quite an optimistic impetus on the background of declines of the past four years. I want to state that we will not be satisfied with the high figures recorded and will target their stability and inclusive growth.

English – translator/editor: Aneta Harutyunyan