Armenia grows fastest among CIS states in Q1
Statistics on the economies of the CIS states show that the highest growth in industrial production was in Armenia during the first quarter of 2002. Figures released by the CIS Interstate Statistical Committee show Armenian industrial production growing by 13.9% in the period January-March 2002, compared with the previous year.
The next highest growth was recorded by Kazakhstan, where production was 12.1% higher, then it was Moldova (8.8%), Tajikistan (5.4%), Ukraine (3.1%), Russia (2.6%), Belarus (2%), Georgia (1.2%), and Azerbaijan (0.1%).
Kyrgyzstan posted a 11.9% decline in production. The CIS committee has no statistics for Turkmenistan and Uzbekistan. The aggregate rise in industrial production across the CIS was 3% in the first quarter against the same period in 2001, while GDP grew an average of 3.8%.
In the first quarter this year, GDP surpassed that of the same period in 2001 by 4.7% in Azerbaijan, 7.4% in Armenia, 3.2% in Belarus, 3.7% in Georgia, 10.7% in Kazakhstan, 9.3% in Tajikistan, and 3.8% in Ukraine. In Kyrgyzstan, GDP was down by 2.8%. In Russia, production and services in the country's key industries increased by 3.3%. According to last year's statistics, GDP grew by 6.1% in Moldova and 4.5% in Uzbekistan.
