STATISTICS
Real Sector Statistics
In the area of real sector statistics,
one of the key objectives of the Central Bank is to receive timely
information on current trends of consumer prices. In particular, in order to
control and effectively manage the general price level, the CBA conducts
monitoring of prices through surveys in the consumer market on ten-day basis
for its internal use. The results of these surveys are used in short-term
estimations and forecasts of price indices (the National Statistical Service
of RA is officially responsible for price statistics (official web site:
www.armstat.am)).
Since price trends are featured to be
largely fluctuating - particularly due to seasonality of production and
consumption of certain goods and services as well as the impact of changes
in government-administered prices - on the basis of international experience
the CBA developed the Core Inflation Calculation Methodology to manage
long-term changes in prices. The core inflation calculated by that
methodology reflects the Central Bank's policy impact on the level of
prices. The core inflation indicator is regularly published in official
publications of the CBA.
After the adoption of inflation
targeting policy, the CBA more than ever stresses the importance of precise
calculation of the main macroeconomic indicators which will enable to get a
clear understanding on the general economic situation. The Central Bank,
therefore, stresses the importance of the consistent improvement of the real
sector statistics methodology and creation of main macroeconomic indicators`
databases.
Statistical Data
Gross Domestic Product
According to the methodology of system of
national accounts (SNA 2008)
Annual data
Quarterly data
According to the methodology of system of national accounts (SNA 1993)