ArmInfo.The revenue of the sector of information and telecommunication technologies (ICT) in 2020 reached 318.1 billion AMD (about $ 650.6 million), exceeding the figure of a year ago by 2.8%.
This is evidenced by the data of the RA Statistical Committee. According to the source, the specified total volume is dominated by the service sector, which accounts for 86.2% or 274.5 billion AMD (y-o-y growth of 8.1%), of which the majority is represented by information technologies - 142.3 billion AMD (an increase of 22 , 7% per annum), and the telecommunications segment accounts for 126.5 billion AMD, which is 4.5% lower than a year ago.
Revenue in the ICT sector in the trade field in y-o-y terms decreased by 20% to 41.5 billion AMD. The manufacturing segment traditionally accounted for the smallest share - only 2.1 billion AMD(or 0.7%), with a y-o-y decline of 40.3%.
To recall, the revenue of the ICT sector in 2019 amounted to about 310 billion AMD, with an increase of 11.8% over the year. To note, over the past 10-15 years, the ICT industry has been growing by 10-15% annually.
