Armenian service sector generated revenue of $1.2 billion in first  two months

 Monday, April 8 2024 16:56:00
Armenian service sector generated revenue of $1.2 billion in first  two months

ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million).

54.7% year-on-year increase in passenger traffic, 17.5% year-on-year  increase in cargo traffic 
 Wednesday, March 9 2022 13:20

ArmInfo.This January, the cargo traffic totaled 1.110 thousand tons - a 17.5% increase against an 0.7% decline last year. 

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19.2% year-on-year growth in energy output in Armenia this Jan 
 Monday, March 7 2022 18:28

ArmInfo.The electric energy output totaled 885.2mln kwh in Armenia this January, a 19.2% growth as compared with last January (against 2.2% growth the previous  year).  

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2-digit growth in Armenia`s industry 
 Monday, March 7 2022 18:25

ArmInfo. Armenia's industry has recorded a 2-digit growth since the beginning of this year. The RA Statistical Committee reports a 16.6% year-on-year growth this  January against a 10.8% decline last January, with a 37.8% decline  during one month (AMD 177.7 or $368.7mln). 

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Aluminum foil output totaled 2,760 tons in Armenia this Jan 
 Monday, March 7 2022 18:25

ArmInfo.The aluminum foil output totaled 2,760 thousand tons in Armenia this January - an 11% year-on-year decline against a 6.9% growth the previous year. 

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Inflation in Armenian consumer market in February 2022 reached 6.5%  per annum
 Thursday, March 3 2022 18:01

ArmInfo. 0.1% inflation was registered in the consumer market of Armenia in February 2022, with a y-o-y inflation of 6.5%, against 0.6% inflation in February 2021 with  a y-o-y inflation of 5.3%. This is evidenced by the data of the RA  Statistical Committee.

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Armenian GDP for 2021 reached 5.7% growth, against pre-Covid growth of 7.6%
 Monday, February 21 2022 17:08

ArmInfo. Armenia's GDP for 2021 grew by 5.7% (from a 7.4% decline in 2020), amounting to 6.983 trillion drams ($13.9 billion), compared to 7.6% pre-Covid period growth in 2019. This is evidenced by the data of the RA Statistical Committee published on February 21.

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Unemployment rate in Armenia by October 2021 decreased to 15% from  18.2% a year earlier
 Friday, February 11 2022 19:06

ArmInfo. In Armenia, the unemployment rate for Q3 2021 remained unchanged - 15%, but decreased by 3.2 percentage points in comparison with the indicator of a year  ago (from 18.2%). This is evidenced by the data of the RA Statistical  Committee.

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Indicator of natural population growth over year increased  significantly, however, in comparison with pre- COVID and pre-war  periods, decline was more than 80%
 Wednesday, February 9 2022 21:47

ArmInfo. In 2021, 36,585 children were born in Armenia, which is 0.6% higher than the indicator of a year ago, while a 1.5% increase was registered in the  two-year context. According to the RA Statistical Committee, the  birth rate per 1,000 inhabitants in the reporting period amounted to  12.4 per thousand, against 12.3% in 2020 and 12.2 per thousand two  years earlier.

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Population of Armenia in 2021 decreased by 0.08%
 Wednesday, February 9 2022 15:54

ArmInfo. as of January 1, 2022 The population of Armeniadecreased by 0.08% per annum or 2.3 thousand people, amounting to 2.961 million people. This is evidenced  by the data of the RA Statistical Committee.

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Negative migration balance of Armenia increased by 67.5% in 2021
 Wednesday, February 9 2022 15:40

ArmInfo. In 2021, 57,472 cases of population migration were registered in Armenia, which is 18% higher than a year ago. This is evidenced by the data of the RA  Statistical Committee.

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Armenia`s service sector reaches 7.8% growth in 2021 from 14.7%  decline in 2020
 Wednesday, February 9 2022 14:10

ArmInfo.In Armenia, the service sector reached a 7.8% growth in 2021 (from a 14.7% decline in 2020), increasing revenue to 1.8 trillion drams ($3.7 billion). This  is evidenced by the data of the RA Statistical Committee, according  to which an upward trend was recorded in all segments, with the  exception of the sector of culture, entertainment and recreation.

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Armenian trade sector`s turnover up by 7.5% in 2021
 Wednesday, February 9 2022 14:10

ArmInfo. In 2021, the turnover of Armenia`s trade sector totaled AMD 3,900bln ($6.7bln) - a 7.5% increase against a 14% decrease in 2020. 

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870.3 thousand tourists visited Armenia in 2021
 Wednesday, February 9 2022 14:08

ArmInfo.In 2021, 870,308 tourists visited Armenia, which is 2.4-fold higher than a year ago (against a decline of 80.2% in 2020). But even with such growth, it  was not possible to restore the pre-Covid level of tourist flow.

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Armenia`s ICT sector revenue exceeded $680 million for year
 Tuesday, February 8 2022 18:40

ArmInfo.Information and telecommunications technology (ICT) revenue accelerated the y-o-y growth rate from 2.8% to 7.4%, providing a revenue volume of 344.7  billion drams (about $684.3 million).

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Growth of cargo transportation in Armenia accelerated over year from  0.7% to 15.8%, with increase in passenger traffic by 54%
 Tuesday, February 8 2022 18:40

ArmInfo.The volume of cargo transportation in Armenia in 2021 increased by 15.8% (against an increase of 0.7% in 2020), amounting to 17,243 thousand tons. Of  these, 12,067.2 thousand tons (69.9% of the total volume) fall to  road transport, growing 23.1% by y-o-y terms  (against an increase of  0.9% in 2020). This is evidenced by the data of the RA Statistical  Committee.

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Brandy production in Armenia increased by 19.2% in 2021, and wine  production by 18.8%
 Tuesday, February 8 2022 16:34

ArmInfo.After the coronavirus crisis in 2020, when the production volumes of alcoholic beverages produced in Armenia decreased, in 2021 the country's  alcohol industry almost recovered. During the reporting period,  growth was registered in the line of all drinks. The only exceptions  were champagne, vodka, liquor and some other alcoholic beverages.

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Production volumes of Armenia`s textile industry increased 2.1-fold  in year
 Tuesday, February 8 2022 14:54

ArmInfo.The production volumes of Armenia's textile industry have increased 2.1-fold in a year, providing production volumes in the amount of 1.9 billion drams  (over $3.7 million). 

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In 2021, land purchase and sale transactions increased by 15.4% in  Armenia
 Monday, February 7 2022 21:29

ArmInfo. In 2021, there were 24,775 transactions for the purchase and sale of land in Armenia, which is higher than the figure of 15.4% a year ago. This is  evidenced by the data of the Real Estate Cadastre.

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In 2021, foreigners sold more real estate in Armenia than bought it
 Monday, February 7 2022 19:56

ArmInfo. In 2021, 4,621 real estate transactions were made by foreigners in Armenia, which is 32.2% higher than a year ago. According to the RA State Real Estate  Cadastre, in total, non-residents accounted for 8.2% of the total  number of completed purchase and sale transactions, against 7.6% in  the same period a year earlier. According to all indicators for the  reporting period, there is a dominance of sales over purchases in  real estate transactions of foreigners.

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Over 33 thousand tons of aluminum foil were produced in Armenia in  2021
 Monday, February 7 2022 19:54

ArmInfo.According to the results of 2021, 33,480.8 tons of aluminum foil were produced in Armenia. Thus, for the fourth time, the Armenal plant exceeds the  30.000 mark in terms of aluminum foil output (in 2017 - 33.724 tons,  in 2019 - 30.547 tons, in 2020 - 35,481.9 tons, ed. note)

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