Armenia has highest GDP slump amid CIS states
19:30 / 02/06/2010

Summarizing 2009 results, Armenia has the highest GDP slump among CIS states with 14.4%.

According to CIS Interstate Statistical Committee, 9.3% GDP growth was registered in Azerbaijan, 8.1% — in Uzbekistan, 2.3% — in Kyrgyzstan, while 7.9%.- in Russia. On average, GDP reduced by 7% throughout CIS states.

The overall production in Armenia fell by 7.8%, in Belarus — by 2.8%, in Kyrgyzstan – 6.4%, in Moldova – 22.2%, in Russia – 10.8%. In Azerbaijan overall production increased by 8.6%, Uzbekistan- by 9%, Kazakhstan – by 1.7%. On the average, overall production reduced by 10% in CIS states.

In Armenia retail turnover increased by 1%, whereas in Uzbekistan by 16.6%, in Tajikistan — 10.4 % and in Azerbaijan — 8.9%.

Average turnover in CIS countries as of Jan.- Dec. 2009 reduced by 6%.

A.G.