Industrial Production in Armenia increased 2 percent in May of 2022 over the same month in the previous year. source: National Statistical Service of the Republic of Armenia

Industrial Production in Armenia averaged 2.86 percent from 1999 until 2022, reaching an all time high of 31.70 percent in January of 1999 and a record low of -20.90 percent in June of 2000. This page provides the latest reported value for - Armenia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Industrial Production in Armenia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Industrial Production is projected to trend around 3.50 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

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Armenia Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 08:00 AM Apr 1.2% -6.8% -9%
2022-06-27 08:00 AM May 2% 1.2% 2.4%
2022-07-25 08:00 AM Jun


Related Last Previous Unit Reference
Industrial Production 2.00 1.20 percent May 2022
Industrial Production Mom 11.70 -2.30 percent Apr 2022
Manufacturing Production 3.60 10.40 percent Mar 2022
Leading Economic Index 13.00 8.80 percent May 2022
Mining Production -29.00 -5.70 percent Mar 2022
Changes In Inventories 60855.00 75089.40 AMD Million Mar 2022

Armenia Industrial Production
In Armenia, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 61 percent of total production. The biggest segments within manufacturing are: food products (20 percent); metals (11 percent); tobacco (9 percent); and drinks (7 percent). Electricity, gas, steam and air conditioning supply accounts for 20 percent of total output, mining and quarrying for 18 percent and water supply, sewerage, waste management and remediation for 1 percent.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.20 31.70 -20.90 1999 - 2022 percent Monthly