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Armenia's GDP up 11.7% in Jan-Aug 2005

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YEREVAN, October 3 (RIA Novosti, Gamlet Matevosyan) - Armenia's GDP in January-August grew 11.7% year on year to $2.5 billion, a government official said Monday.

According to the National Statistics Service, per capita GDP for the period was $784.

Armenia's H1 industrial output grew 6.2% to $906.5 million and agricultural output increased by 11.8% to $550.5 million.

Estimated GDP annual growth rate is 8% and inflation, 3%.

The country's H1 trade turnover was almost $1.7 billion, a 31.4% increase year on year.

The average monthly salary in January-August was $109, up 23.6% compared with the same period last year.

Unemployment fell by 1.1% to 124,300 jobless.

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