Saturday, August 10 2019 14:37
Alina Hovhannisyan

Revenues of the ICT sector of Armenia in the first half of the year  reached about $ 290 million

Revenues of the ICT sector of Armenia in the first half of the year  reached about $ 290 million

ArmInfo. The revenue of the sphere of information and telecommunication technologies (ICT) in the first half of 2019 reached 140 billion drams (about $ 290 million),  exceeding the annual indicator by 3.9%. This is evidenced by the data  of the Statcommittee of RA.

According to the source, the services sector dominates in the  indicated total volume, which accounts for 82.1% or 115 billion drams  (5.5% annual growth), of which the majority is represented by the  telecommunications segment - 64.8 billion. AMD(an annual decline of  2.3%), and 47.3 billion drams is IT with an annual growth of 16.6%.

Revenues in the field of ICT in the trading sector on an annualized  basis increased by 5.2% to 23.8 billion drams. And the smallest part  fell to the production segment - only 1.2 billion drams, with an  annual decline of 65.4%.  Note that in the first half of 2018, the  revenue of the ICT sector amounted to 135.3 billion drams ($ 280.6  million), with annual growth of 7.6%.

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