Exports of Armenian goods and services in 2019 increased by 10.3, while poverty level dropped to 23.5%


YEREVAN, February 28. /ARKA/. Armenia’s Prime Minister Nikol Pashinyan told a government meeting today that exports of goods and services in 2019 increased by 10.3%. More precisely, exports of Armenian brandy surged by 26.4%, exports of fruit wines by 70.8%), exports of grape wines by 25. 3% and exports of plant products by 14.3%.

He said also that exports of med med-tech goods increased by 26.9%, and that of high-tech goods – by 13.5%. The tourism sector grew by 15%. He also noted that the inflow of foreign investment in January-September 2019 amounted to $2.1 billion, an increase of $ 465 million, or 27.6% compared with the same period last year, and $635 million, or 41% compared with 2017.

Pashinyan cited the latest statistics for 2019, which say that during 2018, the government was able to reduce poverty by 2.2 percentage points to 23.5%, while extreme poverty declined from 1.2% to 1% over the same period.

“In fact, it turns out that today Armenia has the historically lowest level of poverty. However, there is one question – the methodology by which the poverty level is now calculated was introduced in 2009,” Pashinyan said.

In this regard, he drew the attention of government members to the extreme poverty figure, recalling that his government promised to eliminate it by 2023. ($1 – 478.39 drams). –0–


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