Construction, agriculture and services contribute to Armenia’s 2007 economic growth
YEREVAN, April 2. /ARKA/. Construction, agriculture and services have contributed a great deal to Armenia’s 2007 economic growth, UN Economic and Social Commission said after reviewing Asian and Pacific regions.
The commission also said in its review that construction growth was due to more intensive construction of industrial facilities, apartment blocks and offices.
According to the report, trade and communication areas were developing in 2007.
The report says that agriculture grew 9.6% in 2007. Wheat crops doubled reaching 450 000 tons. The commission was established in 1947. The commission is made up of 48 members and 10 associated members representing about 60% of the world population.
National Statistical Service of Armenia says economic growth grew 13.7% in 2007 in Armenia.Construction added 4.5 points to GDP by growing 18.4% in 2007.
Agriculture, forest economy, hunting and fishery drove the economic growth 1.7 percentage points up after growing 9.6% over 2007.
Services’ 12.4% growth drove GDP 4 points up. Trade, catering, transport and communication sectors’ contribution was 2.1 points thanks to their 11.8% growth.
Industry added 0.6 points to GDP thanks to its 3.2% growth. M.V.-0---
