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Unprecedented GDP Growth in Artsakh

Artsakhpress

According to Artsakh National Statistical Service, the Gross Domestic Product (GDP) of Artsakh (Nagorno-Karabakh Republic) comprised about 272 billion 100 million drams in 2017 compared to 229 billion 700 million drams of 2016, Artsakhpress reports.

The GDP growth rate comprised 15.6%, the index-deflator – 2.5%, whereas in 2016 these numbers were 9.2% and 0.5% respectively.

According to the source, the GDP per capita in 2017 comprised 1 million 855 thousand 900 drams or 3 thousand 844.7 USD or 3 thousand 403.8 Euros according to the current prices, while in 2016 these numbers were 1 million 577.3 thousand drams or 3 thousand 282.7 US dollars or 2 thousand 965.7 Euros.

11.7% out of the 15.6% of the GDP growth has been ensured by industry, including the energy, 3.7% by trade and services, 0.9% by agriculture, forest economy and fishing and 0.1% by construction.

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