Manufacturing

The manufacturing sector is of great importance to the Armenian economy, as its share in the process of GDP formation is 1/5 of its total share. The role of manufacturing has continued to expand in recent years, reaching 12.4%, the highest in the last 9 years. This branch of the economy, especially the area of the manufacturing industry, has always been at the center of attention of the RA Government. According to the rationale, the industry, having a certain level of development, nevertheless has a great potential for development, especially in terms of increasing production and exports.