The economic activity index of Armenia grew by 7,8% in 2019 compared to the previous year, the Statistics Committee said in a report.
During the reporting period the volume of industrial output grew by 9%, the gross agricultural production dropped by 4.2%, construction increased by 4,6% and trade turnover by 8.9%. Volume of services grew by 15%.
Consumer price index increased by 1.4%, and the industrial product price index by 0.5%.
Electricity production dropped by 1.9%. Average monthly wages grew by 5.8% – totaling 182750 drams (+8.4% in public sector and +3.8% in private sector).
The volume of foreign trade turnover went up by 10.4% (exports by 9.4% and imports by 10.8%). (Armenpress/Business World Magazine)