ArmInfo. In H1 2021, the revenue of the information and telecommunication technologies (ICT) sector reached 159.9 billion drams (about $ 306.3 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 service sector dominates in the specified total volume, which accounts for 86.2% or 142.2 billion drams (y-o-y growth of 11.7%), of which the majority is represented by information technologies - 75.2 billion drams (an increase of 18 , 5% per annum), and the telecommunications segment accounts for 64.1 billion drams, which is 4.7% more than a year ago.
On a y-o-y terms, ICT field revenue on the trade sector decreased by 22.6% to 16.5 billion drams. The manufacturing segment traditionally accounted for the smallest share - only 1.2 billion drams (or 0.8%), with a y-o-y growth of 51.4%.
To recall, the revenue of the ICT sector in 2020 amounted to about 318.1 billion drams, with an increase of 2.8% over the year. To note, over the past 10-15 years, the ICT industry has grown by 10-15% annually.
