Value Added (Total Manufacturing) — Share of GDP Standard Local in Armenia
Armenia: Value Added (Total Manufacturing) — Share of GDP Standard Local was 10.75 % in 2023. ▼ Falling
Value Added (Total Manufacturing) — Share of GDP Standard Local in Armenia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, value added (total manufacturing) — share of gdp standard local in Armenia stood at 10.75 %.
That represents a change of down 6.1% on the previous year and up 9.3% over ten years.
Over the whole period, value added (total manufacturing) — share of gdp standard local in Armenia peaked at 35.65 % in 1991 and was at its lowest, 7.58 %, in 2008.
That places Armenia 92nd out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 33 years of available data.
Value Added (Total Manufacturing) — Share of GDP Standard Local in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 35.65 % | — |
| 1992 | 18.26 % | -48.8% |
| 1993 | 21.97 % | +20.3% |
| 1994 | 11.73 % | -46.6% |
| 1995 | 11.25 % | -4.0% |
| 1996 | 10.7 % | -4.9% |
| 1997 | 10.51 % | -1.8% |
| 1998 | 9.54 % | -9.2% |
| 1999 | 9.65 % | +1.2% |
| 2000 | 9.76 % | +1.1% |
| 2001 | 9.15 % | -6.3% |
| 2002 | 9.31 % | +1.7% |
| 2003 | 9.48 % | +1.9% |
| 2004 | 10.71 % | +12.9% |
| 2005 | 10.23 % | -4.4% |
| 2006 | 9 % | -12.1% |
| 2007 | 8.04 % | -10.7% |
| 2008 | 7.58 % | -5.7% |
| 2009 | 8.2 % | +8.2% |
| 2010 | 9.03 % | +10.1% |
| 2011 | 9.7 % | +7.4% |
| 2012 | 9.42 % | -2.8% |
| 2013 | 9.83 % | +4.3% |
| 2014 | 10.06 % | +2.3% |
| 2015 | 9.21 % | -8.4% |
| 2016 | 10.21 % | +10.9% |
| 2017 | 10.62 % | +4.0% |
| 2018 | 11.23 % | +5.7% |
| 2019 | 11.42 % | +1.7% |
| 2020 | 11.81 % | +3.4% |
| 2021 | 11.46 % | -3.0% |
| 2022 | 11.45 % | -0.1% |
| 2023 | 10.75 % | -6.1% |
Armenia compared with similar countries
- Armenia's 10.75 % is above the median for upper middle income countries, which is 10.75 %, 1.0× the median. (51 countries reporting)
- Armenia's 10.75 % is below the median for Europe & Central Asia, which is 13.41 %, 80% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Share of GDP Standard Local 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 |
|---|---|---|---|
| 1992 | -48.8% | 35.65 % | 18.26 % |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.47 % | 9.54 % | 35.65 % | 9 |
| 2000s | 9.15 % | 7.58 % | 10.71 % | 10 |
| 2010s | 10.07 % | 9.03 % | 11.42 % | 10 |
| 2020s | 11.37 % | 10.75 % | 11.81 % | 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 value added (total manufacturing) — share of gdp standard local in Armenia?
- Value added (total manufacturing) — share of gdp standard local in Armenia was 10.75 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — share of gdp standard local recorded in Armenia?
- The highest recorded value was 35.65 % in 1991.
- What is the lowest value added (total manufacturing) — share of gdp standard local recorded in Armenia?
- The lowest recorded value was 7.58 % in 2008.
- How does Armenia rank for value added (total manufacturing) — share of gdp standard local?
- Armenia ranks 92nd out of 194 countries with data for 2023.
- Is value added (total manufacturing) — share of gdp standard local rising or falling in Armenia?
- Over the last ten years it is up 9.3%. The long-run trend across the full record is falling.
- Where does this Armenia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Share of GDP Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).