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Armenia's GDP up 12.2% in 10M05

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YEREVAN, November 24 (RIA Novosti, Gamlet Matevosyan) - Armenia's GDP in the first 10 months of 2005 grew 12.2% year-on-year to $3.7 billion but fell by 7.5% in October against September, the National Statistics Service of Armenia reported Thursday.

Industrial output in January- October stood at $1.2 billion, a 6.1% increase year-on-year, and gross agriculture output increased 10.4% to $835 million.

Armenia's trade during the reporting period was $2.2 billion, up 30.8% year-on-year, with exports at $770 million and imports at $1.4 billion.

Average monthly wages rose to $110, a 24.3% increase year-on-year, with salaries in the state-owned and private sectors reaching $75 (+33%) and $137 (+19.6%), respectively. Unemployment fell 18.5% to 90,700.

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