Yerevan. (Interfax) – Armenian GDP grew 10% year-on-year to 1.672 trillion dram in January-November, the National Statistics Service told Interfax.
GDP in November this year fell 22.2% compared with October.
Industrial output rose 1.6% to 473.9 billion dram year-on-year in the 11 months.
Armenian foreign trade grew 4.5% year-on-year to 1.001 trillion dram in the same period.
The government forecasts GDP growth of 7% in 2004. GDP in 2003 increased 13.9% year-on-year to 1.618 trillion dram, with industrial production up 14.9% to 425.3 billion dram.
The official exchange rate on December 22 was 484.97 dram to the dollar.
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