Armenia: Industry, including construction, value added (% of GDP)

Key figures

What the numbers say

In 2025, Armenia's industry, including construction, value added (% of GDP) rose 0.21 percentage points on 2024 (from 22.86% to 23.07%).

Across the 12 yearly changes before that (2013 to 2024), the average change was −0.41 percentage points and a typical year strayed about 1.12 percentage points from that (the standard deviation). This year's change was 0.6 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 1.85 percentage points in 2020 and the biggest yearly fall was 2.56 percentage points in 2023. 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 downward, about 0.31 percentage points a year. A straight line explains 43% 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 92nd 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

• Madagascar — 88th of 158: 23.9%
• Australia — 89th of 158: 23.89%
• Mali — 90th of 158: 23.35%
• Hungary — 92nd of 158: 22.97%
• Argentina — 93rd of 158: 22.87%
• Singapore — 94th of 158: 22.67%

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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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 weighted average.

All 14 values

Industry, including construction, value added (% of GDP) in nearby economies

• Albania — 21.83% (2025)
• Andorra — 12.79% (2025)
• Austria — 23.98% (2025)
• Azerbaijan — 39.51% (2025)
• Belarus — 31.58% (2025)
• Belgium — 18.61% (2025)
• Bosnia and Herzegovina — 21.54% (2025)
• Bulgaria — 21.21% (2025)
• Croatia — 18.95% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Armenia's industry, including construction, value added (% of GDP)?

23.07% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is down 4.76 percentage points from 27.83% in 2012. The highest value was 27.83% in 2012 and the lowest 22.86% in 2024.

How does Armenia rank?

92nd highest of 158 economies with data for 2025.

Is the latest change in industry, including construction, value added (% of GDP) unusual for Armenia?

In 2025, Armenia's industry, including construction, value added (% of GDP) rose 0.21 percentage points on 2024 (from 22.86% to 23.07%). Across the 12 yearly changes before that (2013 to 2024), the average change was −0.41 percentage points and a typical year strayed about 1.12 percentage points from that (the standard deviation). This year's change was 0.6 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.ZS, 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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