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TWO-DIGIT REAL GROWTH OF GDP RECORDED I ARMENIA IN 2005

YEREVAN, March 23. /ARKA/. Two-digit real growth of GDP was recorded I Armenia in 2005, Tigran Sargsyan, Chairman of the Central Bank of Armenia, said Thursday in Armenian National Assembly.

He said that GDP reached two-digit real growth in Armenia. “Besides, the republic had its deflator grown 4.2% and its national currency strengthened by 7.2% and by 14% on averaged index. It means nominal GDP grew nearly 35%”, Sargsyan said.

Current account deficit in GDP made 3.2% in 2005 against 4.5% in 2004, the CBA head said. In his words, export rose 33% and import increased 30% in 2005.

“AS a result, 0.2-percent deflation was recorded by late 2005 and average inflation made 0.6%, compared with previous year.

GDP real growth in Armenia made 13.9% in 2005.

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