GDP FELL 5.4 PERCENT IN EX-SOVIET REPUBLICS IN 1995: OFFICIALS <br />


GDP FELL 5.4 PERCENT IN EX-SOVIET REPUBLICS IN 1995: OFFICIALS

  • 12-01-1996 13:55:00   | Armenia  |  World News
MOSCOW, Jan 12 (AFP-NT) - Gross domestic product fell in the Commonwealth of Independent States (CIS) by 5.4 percent in January-November 1995 compared with the same period last year, the CIS statistics committee reported Friday. A committee spokesman told Interfax news agency that the sharpest drop in GDP was in Azerbaijan with 17.4 percent, followed by Ukraine (12 percent). Russia's four percent GDP fall was the lowest rate. The only GDP increase was recorded in Armenia, with five percent. Industrial output dropped by an average of 6.1 percent compared with the same period of 1994 in the CIS, which embraces all the former Soviet republics except the Baltic republics of Estonia, Latvia and Lithuania. The November inflation rate was lowest in Azerbaijan with 2.5 percent, the central Asian republic of Kyrgyzstan (2.6 percent) and Armenia (2.7 percent). Inflation was highest in strife-torn Tajikistan in central Asia, where prices rose by 56.9 percent in November. 0The percentage of registered unemployed among the able-bodied was lowest in Uzbekistan (0.3 percent), Ukraine (0.5 percent) and Azerbaijan (1.1 percent). The percentage was highest in Armenia (eight percent), Russia (three percent) and Kyrgyzstan (2.7 percent). At the end of November 2.9 million people were officially registered as unemployed in CIS labour exchanges. AFP /AA1234/291435 GMT DEC 95
  -   World News