Armenia's manufacturing, value added (constant LCU) was 754.82 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 74% from 433.8 billion in 2015 (5.7% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 754.82 billion | 2025 |
| Five years earlier | 629.85 billion | 2020 |
| Ten years earlier | 433.8 billion | 2015 |
| Highest | 754.82 billion | 2025 |
| Lowest | 145.22 billion | 1992 |
| Average since 2016 | 648.28 billion | 2016–2025 |
| First recorded | 375.37 billion |
What the numbers say
In 2025, Armenia's manufacturing, value added (constant LCU) rose 2% on 2024 (from 740.02 billion to 754.82 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +5.2% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 0.5 standard deviations below 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 17.2% in 2002 and the biggest yearly fall was 59.7% in 1992. 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 28.13 billion 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 41st highest value of the 136 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
- Kenya — 38th of 136: 892.17 billion
- Gabon — 39th of 136: 882.8 billion
- Saudi Arabia — 40th of 136: 801.42 billion
- Sweden — 42nd of 136: 715.85 billion
- Germany — 43rd of 136: 663.69 billion
- Dominican Republic — 44th of 136: 636.71 billion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 36 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2025 | 754,818,454,554 |
| 2024 | 740,018,092,700 |
| 2023 | 708,829,590,700 |
| 2022 | 727,004,708,400 |
| 2021 | 646,226,407,500 |
| 2020 | 629,850,299,700 |
| 2019 | 656,094,062,200 |
| 2018 | 599,172,659,500 |
| 2017 | 538,824,334,100 |
| 2016 | 481,953,787,200 |
Manufacturing, value added (constant LCU) in nearby economies
- Albania — 128.81 billion (2025)
- Andorra — 93.83 million (2024)
- Austria — 69.84 billion (2025)
- Azerbaijan — 2.24 billion (2025)
- Belarus — 52.02 billion (2025)
- Belgium — 59.19 billion (2025)
- Bosnia and Herzegovina — 5.39 billion (2025)
- Croatia — 7.28 billion (2025)
- Cyprus — 1.32 billion (2025)
- Czechia — 1.34 trillion (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
Questions people ask
- What is Armenia's manufacturing, value added (constant LCU)?
- 754.82 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 101.08% from 375.37 billion in 1990 (2.02% a year on average, compounded). The highest value was 754.82 billion in 2025 and the lowest 145.22 billion in 1992.
- How does Armenia rank?
- 41st highest of 136 economies with data for 2025.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Armenia?
- In 2025, Armenia's manufacturing, value added (constant LCU) rose 2% on 2024 (from 740.02 billion to 754.82 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +5.2% and a typical year strayed about 6.6% from that (the standard deviation). This year's change was 0.5 standard deviations below 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.MANF.KN, 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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