ArmInfo. Despite the hostile policy of Azerbaijan, the Artsakh economy continues to grow steadily. On October 11 at the conference "Cooperation for Justice and Peace", held in Stepanakert, State Minister of Artsakh Grigory Martirosyan stated.
According to him, since 2000, the republic's GDP growth averaged 10.5%. And if not for Baku's attempts to isolate Artsakh, the economic growth rate would have been much higher. But even under such conditions, the republic lives and develops. The State Minister stressed that the country is open and strives for regional and international economic integration. The Armenian Diaspora makes an invaluable contribution to the development of Artsakh.
The State Minister said that according to 2018, the GDP per inhabitant of the republic was $ 4355; the monthly salary was more than $ 300. Over 10 years, GDP has doubled, and patches by 40%. In 2018, the volume of foreign trade exceeded $ 555 million, with exports of $ 202 million and imports of $ 353 million. The geography of trade is expanding - Georgia, Iran, the UK, France, Germany, Italy, the Baltic countries, and the United States.
Grigory Martirosyan also noted that the basis of the Artsakh economy is mining, construction, and energy. Since 2018 Artsakh exports electricity, becoming a self-sufficient state. "The investment environment of Artsakh is simple and favorable," the Minister of State emphasized.