Armenia's GDP in January-September fallen 18.3 per cent
Over the nine months of 2009 GDP of Armenia decreased by 18.3 per cent to $ 2 trillion 123 billion AMD, the RA National Statistical Service published.
Armenia's economy showed some trends of stabilization, since GDP over the first 7 months fall by 18.5 per cent, over the eight months - by 18.4 per cent. The biggest decline in Armenia's economy was observed in construction industry: by 53.8 per cent. The volume of industrial production in the country in January-September 2009 reached 459.694 billion AMD, 11.4 per cent less down compared to the same period of 2008. The decline in agriculture averaged 2.3 per cent, while in the service industry - 1.8 per cent.
Armenia's economy showed some trends of stabilization, since GDP over the first 7 months fall by 18.5 per cent, over the eight months - by 18.4 per cent. The biggest decline in Armenia's economy was observed in construction industry: by 53.8 per cent. The volume of industrial production in the country in January-September 2009 reached 459.694 billion AMD, 11.4 per cent less down compared to the same period of 2008. The decline in agriculture averaged 2.3 per cent, while in the service industry - 1.8 per cent.
