Friday, March 23, 2012

Gradual economic recovery

After the major slump since the unset of the global crisis where Armenia's GDP shrank by 14 percent in 2009, the economy seems to be recovering. It is growing only at half the double digit growth rate experienced in much of the past decade, but nevertheless a very welcome pace of recovery.

Real GDP growth rates (%); 2012 is for the months of January-February

An alternative view is provided by the trend in per capita GDP (in nominal USD). But this trend is at times influenced by exchange rate fluctuations.

Per capita GDP

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