FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2011
NASDAQ OMX ARMENIA
MONTHLY GDP GROWTH
(%)
CONTRIBUTIONS TO GROWTH
(%)
20
60
40
10
20
0
0
-20
-10
-40
-60
-20
J
F
M
A
M
J
J
A
S
O
2005
N
2006
2007
2008
2009
"Services (including indirect taxes and other items)"
Construction
"Industry (excluding construction)"
Agriculture
GDP growth
CONTRIBUTIONS TO MONEY SUPPLY GROWTH
(%)
INFLATION
(%)
12
60
10
40
8
20
6
0
4
-20
2
-40
0
Nov 07
Nov 08
Nov 09
Nov 10
2005
2006
2007
2008
2009
Credit to the economy
Net claims on central government
Net foreign assets
Net other items
Broad money (M2x)
FISCAL BALANCE INDICATORS
(% OF GDP)
CURRENT ACCOUNT BALANCE
(% OF GDP)
30
0
-3
20
-6
10
-9
-12
0
-15
-18
-10
2005
2006
Revenue
Expenditure
Balance
2007
2008
2009
2010
2005
2006
2007
2008
2009
2010
Current account balance
5-year moving average
PAGE 105