ArmInfo. Armenia's industrial sector declined by 5.7% year-on-year in January-September 2025 (compared to 12.6% growth a year ago), reaching 2.055 trillion drams ($5.3 billion).
The decline was driven by deteriorating growth in the manufacturing industry, while the decline in the mining sector slowed. This is evidenced by data from the Statistical Committee of the Republic of Armenia, according to which, in September alone, industrial sector volumes increased by 5.1% to 285.4 billion drams ($745.4 million). Thus, the mining sector slowed its annual decline from 7.8% to 0.5% in January-September, generating a volume of 360.5 billion drams. In September alone, mining output decreased by 0.4%, reaching 48.5 billion drams.
In the manufacturing industry, the annual growth rate shifted from 18.9% to a 10.2% decline, generating output of 1.4 trillion drams. In September alone, manufacturing output increased by 9.6% to 205.8 billion drams. Moreover, in the manufacturing industry, the most significant declines were in the production of basic metals - by 58%, jewelry - by 58%, leather goods - by 22.3%, other non-metallic products - by 13%, and beverages - by 13.8%. Additionally, high annual growth rates were noted for cigarette production - 51.8%, chemical industry - 61.5%, coke and petroleum products - 3.5 times, machinery and equipment - 77.5%, computers, electronic and optical equipment - 46.4%.
In the manufacturing industry, the traditional leaders in terms of production volume are food products (451.4 billion drams), cigarettes (216.6 billion drams), basic metals (176.6 billion drams), beverages (144 billion drams), and other non-metallic products (119.1 billion drams).
According to statistics, electricity, gas, steam, and air conditioning supplies accelerated their annual growth rate from 11.5% to 12.9% in January-September 2025, reaching 274.4 billion drams, compared to a 12.6% decline in September to 28 billion drams. Moreover, electricity generation, transmission, and distribution increased by 14.8% year-on-year during the reporting period, while gas production and distribution of gaseous fuels through gas supply systems decreased by 3.6%.
During the reporting period, revenues from water supply, waste treatment and processing, and recycling showed a slowdown in their annual growth, reaching 24.2 billion drams, from 5.7% to 1.9%. In September alone, this figure decreased by 2.6% to 3 billion drams. This trend in this segment was primarily driven by a 3.9% increase in revenue from wastewater collection and treatment.
It should be noted that the average exchange rate of the dram against the US dollar in January-September 2025 was AMD 388.66/$1, and in September, it was AMD 382.83/$1.
