News From Karabagh


Karabakh (Artsakh) achieves 9.2% GDP growth in 2016
/Apr 12/

According to the socioeconomic indicators which the Republic of Artsakh (Nagorno-Karabakh Republic/NKR) National Statistical Service has publicized, a GDP growth has been recorded in the country in the year past.
Tigran Abrahamyan, Advisor to the NKR President, noted the aforesaid in his Facebook page.
Under the conditions of hostilities in April [2016], a 9.2-percent GDP growth was recorded in Artsakh,” he.

Karabakh economic activity index up by about 20% in December 2016
/Apr 12/

The gross domestic product (GDP) of the Republic of Artsakh (Nagorno-Karabakh Republic/NKR) was 229.7 billion Armenian drams (AMDs) in 2016, against 209.3 billion drams in 2015. The GDP growth rate was 109.2 percent and the index-deflator—100.5 percent, as compared with 109.1 percent and 101.6 percent, respectively, in 2015.
Head of the NKR National Statistical Service, Karen Nersisyan, told about the aforementioned at a press conference on Wednesday, as he presented the 2016 socioeconomic indicators for the Artsakh republic.
In his words, the NKR GDP per capita was AMDs equivalent to approximately US$3,282.7, or €2,965.7 in 2016, against AMDs equivalent to about US$3,021, or €2,721.1 in 2015.
In addition, the economic activity index of Artsakh was 119.6 percent in December 2016, as compared with December 2015.