13.8% economic growth in Armenia in 2007

YEREVAN, January 24. /ARKA/. 13.8% economic growth was recorded in Armenia in 2007 against 12.6% over the last three years, RA Minister of Finance and Economy Vardan Khachatryan told reporters.

“This growth was essentially promoted by increasing investments, 1,100bln AMD, which constituted 34% of Armenia’s GDP against 33.6% in 2006 and 18.6% in 2000,” he said.

The Minister said that it is chiefly the construction and service sectors that account for the economic growth.
“The respective shares of the construction and service sectors in the economic growth were 4.6% and 3.6%,” he said.
Referring to preliminary data, Khachatryan pointed out that in 2007 the real GDP in Armenia was three times as much as in 2000.

“According to preliminary data, in 2007 nominal GDP reached 3,100bln in Armenia or 981,000 AMD per capita ($2,848.4),” Khachatryan said. He added that a 3.3-fold increase in the per capita GDP was recorded in 2007 compared with 2003, and a 4.8-fold increase compared with 2000.  –0--