Private money transfers to Armenia in May amounted to US$84.3 million, a drop of 29% ($34.4 million) from May of 2014, according to figures released by Armenia’s Central Bank.
Gross earnings for the 268 hotels and other tourist accommodations operating in Armenia was 24.955 billion AMD (US$52.8 million) in 2014, a 51.5% drop when compared to 2013 gross earnings of 51.273 billion.
The total value of precious metals and gems, and items produced from them, in Armenia’s treasury as of January 1, 2015 amounts to 1.502 billion AMD (US$3.175 million) according to Armenia’s Ministry of Finance.
According to Armenia’s National Statistical Service (NSS), clothing production comprises a mere 1% of the country’s manufacturing sector today.
3.157 billion kilowatts of electricity were produced in Armenia during the first five months of this year; 2.9% less than the same period last year.
Armenia’s national debt at the end of 2014, according to the National Statistical Service, stood at more than US$4.9 billion, of which $3.7 billion was external debt.
Taking up the rear were agriculture, education, culture/entertainment, and retail services, in descending order.
For the 1st quarter of this year sector production was valued at 75.7 billion AMD ($158.7 million), an increase of 30.9% over the same period in 2014.
Armenia’s gross foreign reserves stood at US$1.495 billion as of April 2015 according to figures released by the country’s Central Bank.
According to recent figures released by Armenia’s State Committee of the Real Estate Cadastre there were 3,318 buy and sell transactions for apartments and houses in the first quarter of 2015, down 27.6% over the same period last year.
The country has gold mines and top quality jewelers. Jewelry exports, in terms if customs valuation, are at the top of the list when it comes to exports from Armenia.
According to the latest figures released by Armenia’s Central Bank, deposits in the country’s 21 commercial banks amounted to 1,711,299,000,000 AMD (US$ 354,7984,877) as of March 2015.
Cigarette production in Armenia is taking off. According to the National Statistical Service, 2,891,000 cigarettes were produced in Armenia in the first quarter of 2015 – up 28.4% over the same period last year.
Only two mining companies – Zangezour CopperMolybdenum Combinat (ZCMC) and Tegout - have made it to the top 20 list of taxpayers in Armenia for the 1st quarter of 2015.
Despite the fall in prices, molybdenum remains an important component of Armenia’s economy. In 2014 Makour Yerkat paid 2.271 billion AMD ($4.7 million) in taxes, and Armenian Molybdenum Production paid 906 million AMD ($1.9 million).
Armenia exported a record 3.6 tons of gold dust in 2014 with a customs value of US$ 82 million.
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