Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Armenia
Armenia: Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) was 1,664 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$, 2015 prices in Armenia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$, 2015 prices in Armenia stood at 1,664 million USD.
That represents a change of up 2.1% on the previous year and up 71.5% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Armenia peaked at 1,810 million USD in 1991 and was at its lowest, 333.09 million USD, in 1994.
Armenia ranks 135th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Armenia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 1,810 million USD | — |
| 1992 | 539.91 million USD | -70.2% |
| 1993 | 592.46 million USD | +9.7% |
| 1994 | 333.09 million USD | -43.8% |
| 1995 | 341.62 million USD | +2.6% |
| 1996 | 344.08 million USD | +0.7% |
| 1997 | 349.15 million USD | +1.5% |
| 1998 | 340.16 million USD | -2.6% |
| 1999 | 355.3 million USD | +4.5% |
| 2000 | 380.51 million USD | +7.1% |
| 2001 | 390.67 million USD | +2.7% |
| 2002 | 457.28 million USD | +17.1% |
| 2003 | 531.26 million USD | +16.2% |
| 2004 | 662.79 million USD | +24.8% |
| 2005 | 721.37 million USD | +8.8% |
| 2006 | 718.04 million USD | -0.5% |
| 2007 | 729.49 million USD | +1.6% |
| 2008 | 735.74 million USD | +0.9% |
| 2009 | 683.42 million USD | -7.1% |
| 2010 | 769.25 million USD | +12.6% |
| 2011 | 864.47 million USD | +12.4% |
| 2012 | 900.2 million USD | +4.1% |
| 2013 | 969.84 million USD | +7.7% |
| 2014 | 1,028 million USD | +6.0% |
| 2015 | 971.56 million USD | -5.5% |
| 2016 | 1,080 million USD | +11.1% |
| 2017 | 1,207 million USD | +11.8% |
| 2018 | 1,343 million USD | +11.2% |
| 2019 | 1,470 million USD | +9.5% |
| 2020 | 1,412 million USD | -4.0% |
| 2021 | 1,448 million USD | +2.6% |
| 2022 | 1,629 million USD | +12.5% |
| 2023 | 1,664 million USD | +2.1% |
Armenia compared with similar countries
- Armenia's 1,664 million USD is below the median for upper middle income countries, which is 4,090 million USD, 41% of the median. (54 countries reporting)
- Armenia's 1,664 million USD is below the median for Europe & Central Asia, which is 12,800 million USD, 13% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -70.2% | 1,810 million USD | 539.91 million USD |
| 1994 | -43.8% | 592.46 million USD | 333.09 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 556.16 million USD | 333.09 million USD | 1,810 million USD | 9 |
| 2000s | 601.06 million USD | 380.51 million USD | 735.74 million USD | 10 |
| 2010s | 1,060 million USD | 769.25 million USD | 1,470 million USD | 10 |
| 2020s | 1,538 million USD | 1,412 million USD | 1,664 million USD | 4 |
Countries ranked near Armenia
More economy & growth data for Armenia
- Real gdp growth, annual growth rate 22.28 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -34.44 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate -37.57 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2994 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -31.41 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Armenia?
- Value added (total manufacturing) — value us$, 2015 prices in Armenia was 1,664 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Armenia?
- The highest recorded value was 1,810 million USD in 1991.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Armenia?
- The lowest recorded value was 333.09 million USD in 1994.
- How does Armenia rank for value added (total manufacturing) — value us$, 2015 prices?
- Armenia ranks 135th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices 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 US$, 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).