Industrial Production in Armenia increased 13.80 percent in November of 2019 over the same month in the previous year. Industrial Production in Armenia averaged 2.97 percent from 1999 until 2019, 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.

Industrial Production in Armenia is expected to be 11.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Armenia to stand at 4.30 in 12 months time. In the long-term, the Armenia Industrial Production is projected to trend around 8.40 percent in 2020, according to our econometric models.


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Armenia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
13.80 2.70 31.70 -20.90 1999 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 08:00 AM Aug 16.8% 16.1% 13.8%
2019-10-25 08:00 AM Sep 11% 16.8% 15.9%
2019-11-25 08:00 AM Oct 2.7% 11% 10.1%
2019-12-26 08:00 AM Nov 13.8% 2.7% 13.5%
2020-01-31 08:00 AM Dec 13.8% 11.3%


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.

Armenia Business Last Previous Highest Lowest Unit
Industrial Production 13.80 2.70 31.70 -20.90 percent [+]
Industrial Production Mom 0.60 0.20 32.10 -46.10 percent [+]
Manufacturing Production 2.50 10.20 29.40 -14.20 percent [+]
Leading Economic Index 10.10 8.00 17.20 -7.70 percent [+]
Internet Speed 5182.66 5738.74 5738.74 295.56 KBps [+]
IP Addresses 297303.00 242616.00 371675.00 4787.00 IP [+]
Mining Production 70.10 55.00 91.00 -29.10 percent [+]
Ease of Doing Business 47.00 41.00 61.00 38.00 [+]
Corruption Index 35.00 35.00 37.00 25.00 Points [+]
Corruption Rank 105.00 107.00 129.00 76.00 [+]
Changes In Inventories 86253.90 18564.40 112000.00 -16889.40 AMD Million [+]
Competitiveness Index 61.28 59.86 61.28 3.71 Points [+]
Competitiveness Rank 69.00 70.00 98.00 69.00 [+]