YEREVAN, April 20 (RIA Novosti) - Armenia's economic growth in the first quarter of this year was 11% compared to 7% last year , the national statistics agency said Friday.
GDP in the South Caucasus nation totaled $866.6 million in the current prices, and consumer prices increased 4.8% compared to the first quarter of 2006, the National Statistics Service said. Foreign trade dramatically rose 44.4% on the first quarter of 2006 to $876.4 million. In accordance with the state budget, Armenia's GDP was projected at 9% and inflation 4%.
