Industrial Production in Armenia
Armenia recorded an average industrial production growth rate of 5.5% in the decade to 2022, which is above the 3.2% average for Eastern Europe. In 2022, Armenia's industrial production growth was 7.9%. For more industry information, visit our dedicated page.
Armenia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Armenia from 2023 to 2022.
Source: Macrobond.
Armenia Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 9.0 | -0.9 | 3.3 | 7.9 | 6.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Armenian industry projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Armenian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Armenian industry projections.
Want to get access to the full dataset of Armenian industry forecasts? Send an email to info@focus-economics.com.