Yerevan, May 25, 2005, RBC: In 2004, economic growth in Armenia stood at 10.1 percent, up from 7 percent envisaged by the monetary policy program of the Central Bank of the Republic of Armenia, Tigran Sarkisyan, the Bank's chairman, has stated delivering the Central Bank's report for 2004. Sarkisyan noted that the real GDP growth rates couldn't have kept the country's remaining macroeconomic indices unaltered. The latter deviated from target rates, since the actual economic growth proved above expectations.
Sarkisyan also said that unprecedented growth of the country's agriculture turned out to be another important peculiarity in 2004. The Central Bank's chief pointed out that the sector accounted for 3.1 percentage points of the overall economic growth rate. The service sector also made a considerable contribution of 4.3 percentage points. The building industry yielded 2.1 percentage points. Simultaneously, industrial production accounted for 0.4 percentage points only, down from 2003, which can be linked to structural changes in the sphere.