In Q1 2025, Armenia`s IT sector experienced 24.5% annual growth rate

ArmInfo. The information and communication technology (ICT) sector in Armenia grew by 9% annually in Q1 (compared to 17.3% growth the previous year), resulting in revenue of 284.1 billion drams ($718.5 million).

According to  data from the Statistical Committee of  Armenia, the  services sector is the dominant segment in Armenia's ICT, accounting  for 64.1% or 182.2 billion drams (an annual growth of 18.7%). Within  this sector, information technology represents the largest portion  with 142.2 billion drams (an annual growth of 24.5%), while  the  telecommunications segment makes up 38.1 billion drams (an annual  growth of 1.5%). 

In contrast,  the production segment of ICT is very small (0.02%) or  54 million drams, which is 35.4% lower than the previous year.   Revenue in the ICT sector for the trading sector  decreased by 4.8% -  to 102 billion drams during the reporting period.  Note that the  average exchange rate of the dram in January-March 2025 was AMD  395.42 / $ 1.