Value Added (Total Manufacturing) — Value Standard Local Currency in Armenia
Armenia: Value Added (Total Manufacturing) — Value Standard Local Currency was 795,072 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Armenia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Armenia recorded 795,072 million SLC for value added (total manufacturing) — value standard local currency in 2023.
The figure is up 2.1% on the previous year and up 71.5% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Armenia peaked at 864,854 million SLC in 1991 and was at its lowest, 159,188 million SLC, in 1994.
Armenia ranks 43rd of 194 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Armenia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 864,854 million SLC | — |
| 1992 | 258,032 million SLC | -70.2% |
| 1993 | 283,148 million SLC | +9.7% |
| 1994 | 159,188 million SLC | -43.8% |
| 1995 | 163,268 million SLC | +2.6% |
| 1996 | 164,443 million SLC | +0.7% |
| 1997 | 166,867 million SLC | +1.5% |
| 1998 | 162,569 million SLC | -2.6% |
| 1999 | 169,805 million SLC | +4.5% |
| 2000 | 181,855 million SLC | +7.1% |
| 2001 | 186,708 million SLC | +2.7% |
| 2002 | 218,544 million SLC | +17.1% |
| 2003 | 253,897 million SLC | +16.2% |
| 2004 | 316,759 million SLC | +24.8% |
| 2005 | 344,754 million SLC | +8.8% |
| 2006 | 343,163 million SLC | -0.5% |
| 2007 | 348,635 million SLC | +1.6% |
| 2008 | 351,624 million SLC | +0.9% |
| 2009 | 326,617 million SLC | -7.1% |
| 2010 | 367,641 million SLC | +12.6% |
| 2011 | 413,145 million SLC | +12.4% |
| 2012 | 430,222 million SLC | +4.1% |
| 2013 | 463,506 million SLC | +7.7% |
| 2014 | 491,265 million SLC | +6.0% |
| 2015 | 464,326 million SLC | -5.5% |
| 2016 | 515,978 million SLC | +11.1% |
| 2017 | 576,771 million SLC | +11.8% |
| 2018 | 641,633 million SLC | +11.2% |
| 2019 | 702,598 million SLC | +9.5% |
| 2020 | 674,743 million SLC | -4.0% |
| 2021 | 692,221 million SLC | +2.6% |
| 2022 | 778,727 million SLC | +12.5% |
| 2023 | 795,072 million SLC | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 265,797 million SLC | 159,188 million SLC | 864,854 million SLC | 9 |
| 2000s | 287,256 million SLC | 181,855 million SLC | 351,624 million SLC | 10 |
| 2010s | 506,708 million SLC | 367,641 million SLC | 702,598 million SLC | 10 |
| 2020s | 735,191 million SLC | 674,743 million SLC | 795,072 million SLC | 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)
- GDP (constant 2015 US$), annual growth rate 7.2 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5981 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 5,666 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 7.2 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 267.04 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 2.53 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 0.2524 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.187 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Armenia?
- Value added (total manufacturing) — value standard local currency in Armenia was 795,072 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Armenia?
- The highest recorded value was 864,854 million SLC in 1991.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Armenia?
- The lowest recorded value was 159,188 million SLC in 1994.
- How does Armenia rank for value added (total manufacturing) — value standard local currency?
- Armenia ranks 43rd out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Armenia?
- Over the last ten years it is up 71.5%. The long-run trend across the full record is volatile.
- 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) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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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).