Time in Yerevan: 11:07:36,   24 September

Armenia records 6.5% economic growth in 2nd quarter of 2019

YEREVAN, AUGUST 20, ARMENPRESS. Armenia’s economic growth in the 2nd quarter of 2019 amounted to 6.5%. The spheres of trade and service manly contributed to the growth.

ARMENPRESS reports according to the data published by the Statistical Committee of Armenia, Armenia’s GDP in the 2nd quarter of 2019 amounted to 1 trillion and 481 billion AMD. Trade and services, industry and construction growth contributed to the growth by 4.91, 1.82 and 0.06 percentage point respectively.

Agriculture had a negative impact on the GD{ growth by – 1.01 percentage point.

Trade and services had the greatest share in the GDP in the 2nd quarter of 2019  55% or 814.3 billion AMD. The second comes industry with nearly 19% or 278.5 billion AMD. The share of agriculture in the GDP is 10.6% or 157.6 billion AMD, construction has a share of 6.1% or 91 billion AMD.

Economic growth in the 1st quarter of 2019 amounted to 7.2% against the same period of the previous year.

Edited and translated by Tigran Sirekanyan

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