Monday, May 20 2019 17:03
Naira Badalian

Artsakh`s Minister of Finance presented the economic results of 2018:  GDP growth was 11.9%, and revenues exceeded the program indicator by  0.9%

Artsakh`s Minister of Finance presented the economic results of 2018:  GDP growth was 11.9%, and revenues exceeded the program indicator by  0.9%

ArmInfo. The growth of Artsakh's GDP  by the end of 2018 was 11.9% or 310.3 billion drams. The Minister of  Finance of the Artsakh Republic Arthur Harutyunyan stated this on May  20 in the country's parliament, presenting the annual report on the  implementation of the budget for 2018.

According to the minister, economic activity by the end of last year  was 12.1%. The share of the mining industry in GDP growth reached  5.1%. GDP per capita was 2 million 103.3 thousand drams, compared to  last year's 1 million 855.9 thousand drams.

Thus, the volume of industrial production reached 125 billion drams,  compared with 2017, growth amounted to 29.3%, construction increased  by about 52.5 billion drams, providing 11.5% growth, the volume of  agricultural products increased by 74.1 billion drams. At the same  time, the average monthly nominal wage increased by 3.7% compared to  2017, to 161.181 thousand drams.

The growth was also recorded in the foreign trade turnover - by 24.9%  to $ 555.1 million. At the same time, exports reached $ 353 million  with an increase of 22.6%, while imports grew by 29% to $ 202.1  million.

The actual revenues of the state treasury instead of the planned 53  billion 813.1 million drams amounted to 54 billion 282.1 million  drams. Collectability was 100.9%. At the same time, expenses amounted  to about 97.2% of the planned figure - 104 billion 450.7 million  drams. Inflation was 1.8%.

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