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Home >> Wordl Economy >> Economic Structure Of Armenia

Economic Structure Of Armenia

Economic Indicators Economic Structure Of Armenia Export & Import Insurance Mortgage Stock
 

STRUCTURE OF THE ECONOMY

Among the various sectors of the economy, the percentage share of the industries in the total GDP is the highest as of the year 2004.


Major agricultural products of the country are fruits, vegetables, livestock and Wine.

Major industries in the country are diamond-processing, electric motors, metal-cutting tires, shoes, silk, chemicals, trucks, instruments and microelectronics.


The following table shows the value addition made by the various sectors of the economy in the total GDP over the years.

Agriculture, value added (% of GDP) 25.5 24.1 23.4
Industry, value added (% of GDP) 35.4 37.7 37.1
Services, etc., value added (% of GDP) 39.0 38.2 39.5
Exports of goods and services (% of GDP) 23.4 36.1 39.3
Imports of goods and services (% of GDP) 50.5 51.5 52.8
Gross capital formation (% of GDP) 18.6 19.8 20.4