Investor Presentaiton
KEY SECTORS
WELL DIVERSIFIED ECONOMY, SHIFTING TOWARDS HIGHER VALUE ACTIVITIES
AGRICULTURE
. Over 68% of Armenia's land area is classified as
agricultural land, half of which comprises of pasture
.
In December 2019, the Government approved the 2020-
2030 strategy to develop the agricultural sector, with the
key objectives:
-
Ensure prosperity and inclusive growth in rural areas
Improve national food and nutrition security
Promote the export of high-value agricultural products
Enable best-in-class food safety systems
Lead on technology-driven agricultural innovation
across the region
INDUSTRY
•
Armenia's mining industry accounted for 3.8% of
Armenian GDP in 2020. Main activity is focused on
metal ores, in particular molybdenum, copper and zinc
In 2020, manufacturing accounted for 12.4% of nominal
GDP. The main manufacturing areas in Armenia are
food, beverage and tobacco products as well as basic
metals and non-metallic mineral production, such as
rubber and plastics and other non-metallic goods
14%
20%
☑
Share in Real
GDP by
Economic
Activity, as of
end of 2020
TAXES*
10%
Source: Armstat.
*Taxes less subsidies on products
** Growth rates are presented in nominal terms
12
7%
*
•
•
CONSTRUCTION
Armenia's construction sector experienced strong
growth as soviet-era housing and office buildings
were replaced with more modern structures,
growing 3.8% in 2020**. These developments
continue throughout 2021 (18.1% in H1),
The largest public construction projects include the
new terminal at Zvartnots Airport, and the Northern
Avenue, which runs through the center of Yerevan
The ongoing North-South Highway, is a major
infrastructure project which will span the country
49%
SERVICES
• ICT has been designated by the Government as a
priority sector for investment and development.
The number of companies operating in this sector
has increased significantly over the past 10 years
•
Over the past 10 years Armenia's financial
services sector share has increased significantly
on the back of an increase in loans (reaching to
6.7% in 2020). The rise in loans reflects, in turn,
increased access to and demand for funding,
greater competition among banks and higher
volumes of foreign investment in the sectorView entire presentation