Machinery and transport equipment in Armenia
Armenia: Machinery and transport equipment was 2.8% in 2023. ◆ Volatile
Machinery and transport equipment in Armenia, 2004–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for machinery and transport equipment in Armenia is 2.8%, measured in 2023.
The figure is down 42.7% on the previous year and up 45.0% over ten years.
Over the whole period, machinery and transport equipment in Armenia peaked at 6.9% in 2017 and was at its lowest, 1.3%, in 2006.
That places Armenia 104th out of 149 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Machinery and transport equipment in Armenia, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 2004 | 1.5% | — |
| 2005 | 1.3% | -10.8% |
| 2006 | 1.3% | -0.6% |
| 2007 | 1.3% | +0.6% |
| 2008 | 1.3% | +0.2% |
| 2009 | 1.9% | +44.2% |
| 2010 | 1.9% | -0.0% |
| 2011 | 1.9% | +0.0% |
| 2012 | 1.9% | +0.0% |
| 2013 | 1.9% | -0.0% |
| 2014 | 1.9% | +0.0% |
| 2015 | 4.3% | +121.9% |
| 2016 | 3.5% | -18.8% |
| 2017 | 6.9% | +96.1% |
| 2018 | 6.2% | -9.5% |
| 2019 | 5.8% | -6.4% |
| 2020 | 5.0% | -13.3% |
| 2021 | 4.3% | -15.1% |
| 2022 | 4.9% | +14.8% |
| 2023 | 2.8% | -42.7% |
Armenia compared with similar countries
- Armenia's 2.8% is below the median for upper middle income countries, which is 6.8%, 41% of the median. (46 countries reporting)
- Armenia's 2.8% is below the median for Europe & Central Asia, which is 18.9%, 15% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Machinery and transport equipment in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +121.9% | 1.9% | 4.3% |
| 2017 | +96.1% | 3.5% | 6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.5% | 1.3% | 1.9% | 6 |
| 2010s | 3.6% | 1.9% | 6.9% | 10 |
| 2020s | 4.3% | 2.8% | 5.0% | 4 |
Countries ranked near Armenia
More economy & growth data for Armenia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 252.31 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 605.13 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 359.96 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0207 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 196.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is machinery and transport equipment in Armenia?
- Machinery and transport equipment in Armenia was 2.8% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Armenia?
- The highest recorded value was 6.9% in 2017.
- What is the lowest machinery and transport equipment recorded in Armenia?
- The lowest recorded value was 1.3% in 2006.
- How does Armenia rank for machinery and transport equipment?
- Armenia ranks 104th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Armenia?
- Over the last ten years it is up 45.0%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).