Sunday, June 24, 2007

Armenia's Economy Grew in First Half of 2007



Armenia's economy is on the rise yet again!
The growth of Armenia’s GDP in January-May of 2007 totaled 10.2%, as compared to the same period of 2006.

The average monthly salary in Armenia in January-May of 2007 increased by 18.0%, as compared to the same period of 2006, thus making 71016 drams.
That's almost $207 dollars a month, which compares favorably with the $186 a month in 2006, converted with today's currency exchange rates. Of course, this is assuming zero inflation and zero numbers fudging, both of which have to be taken into account with all purposely incomplete government statistics.

Source: Banks.am

2 comments:

Unknown said...

Not True, big pop still outta jobs and prices are keep going up

Rhyne said...

Care to elaborate?