Value Added (Total Manufacturing) — Value US$ in Armenia
Armenia: Value Added (Total Manufacturing) — Value US$ was 2,676 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Armenia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (total manufacturing) — value us$ in Armenia is 2,676 million USD, measured in 2023. That is the highest value across all 33 years on record.
The figure is up 19.9% on the previous year and up 148.5% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Armenia peaked at 2,676 million USD in 2023 and was at its lowest, 249.69 million USD, in 1993.
Armenia ranks 127th 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$ in Armenia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 708.88 million USD | — |
| 1992 | 365.74 million USD | -48.4% |
| 1993 | 249.69 million USD | -31.7% |
| 1994 | 272.86 million USD | +9.3% |
| 1995 | 251 million USD | -8.0% |
| 1996 | 301.63 million USD | +20.2% |
| 1997 | 297.17 million USD | -1.5% |
| 1998 | 304.12 million USD | +2.3% |
| 1999 | 315.47 million USD | +3.7% |
| 2000 | 322.63 million USD | +2.3% |
| 2001 | 332.93 million USD | +3.2% |
| 2002 | 360.13 million USD | +8.2% |
| 2003 | 430.79 million USD | +19.6% |
| 2004 | 486.34 million USD | +12.9% |
| 2005 | 665.39 million USD | +36.8% |
| 2006 | 694.27 million USD | +4.3% |
| 2007 | 864.78 million USD | +24.6% |
| 2008 | 1,034 million USD | +19.5% |
| 2009 | 753.62 million USD | -27.1% |
| 2010 | 907.1 million USD | +20.4% |
| 2011 | 1,084 million USD | +19.5% |
| 2012 | 1,001 million USD | -7.7% |
| 2013 | 1,077 million USD | +7.6% |
| 2014 | 1,122 million USD | +4.2% |
| 2015 | 971.56 million USD | -13.4% |
| 2016 | 1,085 million USD | +11.6% |
| 2017 | 1,226 million USD | +13.0% |
| 2018 | 1,404 million USD | +14.6% |
| 2019 | 1,595 million USD | +13.6% |
| 2020 | 1,561 million USD | -2.2% |
| 2021 | 1,531 million USD | -1.9% |
| 2022 | 2,231 million USD | +45.7% |
| 2023 | 2,676 million USD | +19.9% |
Armenia compared with similar countries
- Armenia's 2,676 million USD is below the median for upper middle income countries, which is 4,472 million USD, 60% of the median. (54 countries reporting)
- Armenia's 2,676 million USD is below the median for Europe & Central Asia, which is 15,638 million USD, 17% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 340.73 million USD | 249.69 million USD | 708.88 million USD | 9 |
| 2000s | 594.46 million USD | 322.63 million USD | 1,034 million USD | 10 |
| 2010s | 1,147 million USD | 907.1 million USD | 1,595 million USD | 10 |
| 2020s | 2,000 million USD | 1,531 million USD | 2,676 million USD | 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$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Armenia?
- Value added (total manufacturing) — value us$ in Armenia was 2,676 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Armenia?
- The highest recorded value was 2,676 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Armenia?
- The lowest recorded value was 249.69 million USD in 1993.
- How does Armenia rank for value added (total manufacturing) — value us$?
- Armenia ranks 127th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Armenia?
- Over the last ten years it is up 148.5%. 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$. 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).