M__Analytics

COVID-19: An unprecedented crisis

👨‍⚕️👩‍⚕️Health systems around the world have been overwhelmed by the number of coronavirus cases, and even the richest and most prepared countries have struggled. In the most vulnerable countries, millions of people have not had access to critical life-saving supplies, such as test kits, face masks, and respirators. However, there is now a light at the end of the tunnel: Several vaccines have been approved for use, and over seven billion vaccine doses had already been administered worldwide as of November 4, 2021.

🇦🇲Armenia’s economic activity in the first seven months of 2021 increased by 5.2% compared to the same period in 2020, according to the National Statistical Committee (NSC).

✅During the same period Armenia’s foreign trade turnover in January-July 2021 amounted to $4,306.4 billion, which is 15.1% higher than in the same period in 2020, according to the numbers, released today by the NSC.

📈Armenian exports in January-July 2021 when compared to January-July 2020 increased by 23.2% amounting to $1,641.5 billion. Compared to June 2021 they fell by 9.1%. In dram equivalent, exports amounted to 848.6 billion drams.

📈Imports in the reporting period amounted to $2,664.9 billion, recording an increase of 10.6% when compared to January-July 2020. In July 2021, compared to July 2020, imports increased by 22.4%, and compared to June 2021, by 10.7%. In dram equivalent, imports in January-July 2021 stood at 1,377.4 trillion drams. ($1 – 490.56 drams).