Armenia: Industry, including construction, value added (current US$)

Key figures

What the numbers say

In 2025, Armenia's industry, including construction, value added (current US$) rose 13.7% on 2024 (from US$5.93 billion to US$6.75 billion).

Across the 12 yearly changes before that (2013 to 2024), the average change was +6.4% and a typical year strayed about 10.9% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 35.7% in 2022 and the biggest yearly fall was 7.5% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$450.55 million a year. A straight line explains 91% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Armenia had the 107th highest value of the 158 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Armenia in the 2025 ranking

• Georgia — 104th of 158: US$7.1 billion
• Bosnia and Herzegovina — 105th of 158: US$7.02 billion
• Mali — 106th of 158: US$7.02 billion
• Albania — 108th of 158: US$6.67 billion
• Nicaragua — 109th of 158: US$6.51 billion
• Kyrgyz Republic — 110th of 158: US$5.99 billion

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 14 values

Industry, including construction, value added (current US$) in nearby economies

• Albania — US$6.67 billion (2025)
• Andorra — US$575.51 million (2025)
• Austria — US$138.97 billion (2025)
• Azerbaijan — US$30.01 billion (2025)
• Belarus — US$29.5 billion (2025)
• Belgium — US$134.99 billion (2025)
• Bosnia and Herzegovina — US$7.02 billion (2025)
• Bulgaria — US$27.74 billion (2025)
• Croatia — US$19.91 billion (2025)

More economic policy & debt data for Armenia

• Adjusted savings, education expenditure (% of GNI) — 2.72% (2021)
• Adjusted savings, mineral depletion (current US$) — US$448.08 million (2021)
• General government final consumption expenditure (current US$) — US$2.98 billion (2025)
• General government final consumption expenditure (current LCU) — 1.15 trillion (2025)
• General government final consumption expenditure (% of GDP) — 10.19% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$20.79 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 8.05 trillion (2025)
• Households and NPISHs final consumption expenditure, linked series (current LCU)

Reading data like this

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Questions people ask

What is Armenia's industry, including construction, value added (current US$)?

US$6.75 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is up 128.27% from US$2.96 billion in 2012 (6.55% a year on average, compounded). The highest value was US$6.75 billion in 2025 and the lowest US$2.7 billion in 2016.

How does Armenia rank?

107th highest of 158 economies with data for 2025.

Is the latest change in industry, including construction, value added (current US$) unusual for Armenia?

In 2025, Armenia's industry, including construction, value added (current US$) rose 13.7% on 2024 (from US$5.93 billion to US$6.75 billion). Across the 12 yearly changes before that (2013 to 2024), the average change was +6.4% and a typical year strayed about 10.9% from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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