The composition of Armenia's GDP by sector shows a dominant services sector at 36.39%, followed by mining, manufacturing, utilities at 18.23%, and agriculture, hunting, forestry, fishing at 17.36%. Wholesale, retail trade, restaurants, and hotels account for 12.95%, with construction contributing 8.71% and transport, storage, and communication at 6.35%. Year-on-year variations over the last two years have shown steady growth, with a notable increase in the services sector. Over the past five years, the average annual growth (CAGR) in these sectors has been positive, emphasizing strong performance in services and industry.
Future trends to watch:
- Potential expansion in the services sector due to digital economy advancements.
- Increasing industrialization and technological investments in manufacturing and utilities.
- Agricultural modernization and sustainability initiatives could transform agriculture.
- Infrastructure developments may drive growth in construction and transport.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 36.39 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 18.23 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 17.36 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 12.95 | 2016 | |
| 5 | 5 Construction | 8.71 | 2016 | |
| 6 | 6 Transport, storage and communication | 6.35 | 2016 |
