Armenia's manufacturing, value added (current LCU) was 1.24 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 167.92% from 464.33 billion in 2015 (10.36% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.24 trillion | 2025 |
| Five years earlier | 763.15 billion | 2020 |
| Ten years earlier | 464.33 billion | 2015 |
| Highest | 1.24 trillion | 2025 |
| Lowest | 402.1 billion | 2012 |
| Average since 2016 | 831.5 billion | 2016–2025 |
| First recorded | 402.1 billion |
What the numbers say
In 2025, Armenia's manufacturing, value added (current LCU) rose 20.1% on 2024 (from 1.04 trillion to 1.24 trillion).
Across the 12 yearly changes before that (2013 to 2024), the average change was +8.5% and a typical year strayed about 8% from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 26% in 2022 and the biggest yearly fall was 0.5% 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 70.95 billion a year. A straight line explains 94% 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 44th highest value of the 132 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
- Benin — 40th of 132: 1.45 trillion
- Mali — 41st of 132: 1.31 trillion
- Kenya — 42nd of 132: 1.25 trillion
- Burkina Faso — 44th of 132: 1.06 trillion
- Dominican Republic — 45th of 132: 968.6 billion
- South Africa — 46th of 132: 936.46 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 14 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2025 | 1,244,016,900,000 |
| 2024 | 1,035,418,200,000 |
| 2023 | 971,959,800,000 |
| 2022 | 971,902,100,000 |
| 2021 | 771,304,300,000 |
| 2020 | 763,150,300,000 |
| 2019 | 766,320,600,000 |
| 2018 | 678,235,300,000 |
| 2017 | 591,568,300,000 |
| 2016 | 521,153,400,000 |
Manufacturing, value added (current LCU) in nearby economies
- Albania — 159.96 billion (2025)
- Andorra — 116.77 million (2024)
- Austria — 78.09 billion (2025)
- Azerbaijan — 7.72 billion (2025)
- Belarus — 58.78 billion (2025)
- Belgium — 71.72 billion (2025)
- Bosnia and Herzegovina — 6.8 billion (2025)
- Croatia — 9.43 billion (2025)
- Cyprus — 1.6 billion (2025)
- Czechia — 1.66 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 (current LCU)?
- 1.24 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is up 209.38% from 402.1 billion in 2012 (9.08% a year on average, compounded). The highest value was 1.24 trillion in 2025 and the lowest 402.1 billion in 2012.
- How does Armenia rank?
- 44th highest of 132 economies with data for 2025.
- Is the latest change in manufacturing, value added (current LCU) unusual for Armenia?
- In 2025, Armenia's manufacturing, value added (current LCU) rose 20.1% on 2024 (from 1.04 trillion to 1.24 trillion). Across the 12 yearly changes before that (2013 to 2024), the average change was +8.5% and a typical year strayed about 8% from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.CN, 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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