Armenia: Manufacturing value added

* indicates monthly or quarterly data series

Manufacturing value added, billion USD

 Latest value 2.69
 Year 2023
 Measure billion U.S. dollars
 Data availability 2012 - 2023
 Average 1.46
 Min - Max 0.97 - 2.69
 Source The World Bank
For that indicator, we provide data for Armenia from 2012 to 2023. The average value for Armenia during that period was 1.46 billion U.S. dollars with a minimum of 0.97 billion U.S. dollars in 2015 and a maximum of 2.69 billion U.S. dollars in 2023. The latest value from 2023 is 2.69 billion U.S. dollars. For comparison, the world average in 2023 based on 127 countries is 92.84 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Armenia - Manufacturing value added - Recent values chart

Historical chart
Armenia - Manufacturing value added - historical chart - 2012-2023

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Share of industry 25.28 2022 percent
 Share of manufacturing 11.31 2022 percent
 Share of services 55.55 2022 percent
 Industry value added 5.79 2023 billion U.S. dollars
 Manufacturing value added 2.69 2023 billion U.S. dollars
 Services value added 14.29 2023 billion U.S. dollars
 Savings, percent of GDP 22.19 2022 percent
 Savings, in dollars 4.64 2023 billion U.S. dollars
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