Country Report Armenia November 1998 Main report

Quarterly indicators of economic activity.

Quarterly indicators of economic activity 1996 2 Qtr 3 Qtr 4 Qtr Employment Monthly av Total '000 1,428 1,431 1,412 Unemployment " 144.7 151.2 155.8 Wages & prices Wages, total Dram per month 9,448 9,547 10,153 Wages, ind " 13,401 13,390 14,370 Consumer prices Dec 1994=100 140.8 134.8 136.7 change year on year % 17.8 16.4 9.4 Producer prices Dec 1994=100 156.9 161.8 168.2 Money End-Qtr M1, seasonally adj Dram m 30,274 36,160 37,821 change year on year % 25.8 43.2 29.5 Foreign trade Qtrly totals Exports fob $ m 74.1 90.3 83.3 to CIS " 20.7 32.8 51.7 Imports cif " 204.5 233.3 260.5 from CIS " 63.0 86.3 68.8 Exchange holdings End-Qtr Gold(b) $ m 9.1 8.9 9.0 Foreign exchange " 72.2 53.1 114.1 Exchange rate Official rate Dram:$ 410 412 435 1997 1 Qtr 2 Qtr 3 Qtr 4 Qtr Employment Monthly av Total '000 1,405 1,400 1,395 1,389 Unemployment " 160.2 165.5 169.3 172.9 Wages & prices Wages, total Dram per month 9,921 10,480 11,858 12,810 Wages, ind " 13,245 14,925 16,288 n/a Consumer prices Dec 1994=100 145.8 155.1 160.8 167.0 change year on year % 4.0 10.2 19.3 22.2 Producer prices Dec 1994=100 178.0 192.0 203.2 210.4 Money End-Qtr M1, seasonally adj Dram m 38,862 40,324 41,934 42,104 change year on year % 35.0 33.2 16.0 11.3 Foreign trade Qtrly totals Exports fob $ m 36.6 55.9 60.6 79.5 to CIS " 13.3 18.0 25.4 38.0 Imports cif " 190.6 227.9 209.1 265.9 from CIS " 63.0 73.4 78.0 84.7 Exchange holdings End-Qtr Gold(b) $ m 9.2 9.2 8.4 8.3 Foreign exchange " 96.8 118.8 175.9 191.5 Exchange rate Official rate Dram:$ 478 510 501 495 1998 1 Qtr 2 Qtr 3 Qtr Employment Monthly av Total '000 1,386 1,377 n/a Unemployment " 161.4 132.5 n/a Wages & prices Wages, total Dram per month 14,935 16,887 n/a Wages, ind " n/a n/a n/a Consumer prices Dec 1994=100 181.3 176.3 n/a change year on year % 24.3 13.7 n/a Producer prices Dec 1994=100 225.5 222.2 n/a Money End-Qtr M1, seasonally adj Dram m 47,549 44,967 46,367(a) change year on year % 22.4 11.5 n/a Foreign trade Qtrly totals Exports fob $ m 56.7 66.8 n/a to CIS " n/a n/a n/a Imports cif " 201.1 209.6 n/a from CIS " n/a n/a n/a Exchange holdings End-Qtr Gold(b) $ m 9.5 9.7 9.3© Foreign exchange " 267.2 260.5 279.6© Exchange rate Official rate Dram:$ 502 502 502© (a) End-July. (b) End-quarter holdings at quarters average of London daily price less 25%. © End-August. Source: OECD, Short-term Economic Indicators; Armenian Economic Trends; IMF; International Financial Statistics.

© 1998 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
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