Armenia’s exports decrease by half in the first quarter of 2009

According to current data Armenia’s GDP decreased by 6.1 percent in January-March 2009 compared to the same period of 2008, being 465.5 billion Drams. The official number of unemployed in Armenia was 78,600 people and the average salary increased to 97.9 Drams (USD 264).

Exports decreased by 47.3 percent in the first quarter of 2009 compared to the first quarter of 2008, being worth just USD 123.4 million. Imports decreased by 22.2 percent but were still five times greater than exports and worth USD 658.5 million.