Wednesday, February 7 2018 19:02
Alina Hovhannisyan

The IT sector of Armenia reached a 13.6% growth in 2017

The IT sector of Armenia reached a 13.6% growth in 2017

ArmInfo. The IT sector of Armenia reached a 13.6% growth in 2017, providing an annual revenue of 269.1 billion AMD ($ 557.5 million). According to the National Statistical Service of the Republic of Armenia, 80.1% of the total volume of IT-sector revenues falls on the services provided, with an annual growth of 6.5% to 215.5 billion.

18.8% of the IT sector's total revenue comes from trade - 50.7 billion drams with an annual growth of 57%, while the remaining 1.1% or 2.9 billion drams - accounted for production with an annual growth of 22.5%.

Taking into account the estimated GDP in 2017, the share of the IT sector would be about 5% of GDP.

In 2016, the volume of revenue of the IT sector of Armenia grew by only 1.1% - up to 238.4 billion drams.

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10 billion

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200 million

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200 million

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200 million

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Maximum yield

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