ArmInfo. In January-February 2025, Armenia's industrial sector experienced a significant shift from its annual dynamics, showing a 19.4% decline compared to the 28.9% growth seen the previous year. This resulted in a decrease of production volumes to 380.5 billion drams ($961.8 million). The decline in annual dynamics was observed in both the mining and manufacturing industries. According to data from the Statistical Committee of the Republic of Armenia, in February alone, industrial production volumes decreased by 0.6% to 190 billion drams ($480.1 million).
In January-February 2025, , the mining industry and open-pit mining experienced a significant decline compared to the same period of 2024. The decline went from 3.1% to 19.2%, with a total volume of 58.5 billion drams. In February alone, the volume of the mining industry decreased by 28.3% to 24.4 billion drams.
During the same period, the volume of the manufacturing industry also saw a sharp reverse in its annual dynamics, Instead of the previous 47% growth there was a 26.2% decline, totaling 243.2 billion drams. Of this amount, 127.4 billion drams were generated in February, showing a monthly growth of 9.5%. In the manufacturing industry, there was a significant drop in volumes in January-February 2025. Production of basic metals decreased by 77% per annum, jewelry industry - by 69.1%, coke and petroleum products - by 28.4%, beverages - by 25.5%, furniture - by 11%, clothing - by 16.5%, and leather and leather products - by 17.5% per annum. High growth rates were recorded in the following segments: production of cigarettes - by 93.1%, computers, electrical and optical equipment - by 2.6 times, and machinery and equipment - by 83.3%. The leaders in production volumes within the manufacturing industry are food products (75.5 billion drams), cigarettes (44.6 billion drams), basic metals (35.6 billion drams), beverages (24.3 billion drams), and other non-metallic products (15.8 billion drams). Statistics show that the supply of electricity, gas, steam and air conditioning in January-February 2025 increased by 10.7% compared to the same period in 2024 (against an increase of 8.7% a year earlier), amounting to 74 billion drams. However, there was a 6.4% decline in February alone, down to 35.7 billion drams. Moreover, the generation, transmission and distribution of power in January-February increased by 10.9% per annum, while gas production, distribution of gaseous fuel through gas supply systems increased by 10.1%.
Revenues from water supply, waste treatment, processing and the production of secondary raw materials in January-February increased by 0.3% per annum (compared to a 7% increase the previous year), totaling 4.7 billion drams. In February alone, they decreased by 1.7%. It should be noted that the average exchange rate of the dram in January-February 2025 was AMD 396.74/$1, and in February 2025 - AMD 395.60 /$1.
