Wednesday, July 6, 2022
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Armenia’s economic activity index declines 7.2% in 11 months

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EDITOR'S CHOICE

Armenia’s economic activity index has declined 7.2% in January-November 2020 compared to January-November 2019, the National Statistical Committee reports.

Industrial production volume declined 0.2%. Construction volume declined 11.2%. The decline in trade turnover comprised 13.5%, and that in the services volume – 13.6%.

In January-November consumer price index increased 1%, the industrial production price index grew 2.2%. Electricity production volume increased 1.8% in the aforementioned period.

Average monthly nominal salary in Armenia increased 4.2%, comprising 186,167 drams.

External trade volumes have also registered decline – 12.4%: the export declined 5.2% and the import – 15.9%.

Dram exchange rate against the US dollar was 486.29 as of January-November 2020.

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Ara D. Kassabian CPA, based in Glendale, California, provides a full range of tax preparation, accounting and bookkeeping services, either in your facility or at our location. Making it quick and easy to file your taxes.

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