Services value added — all countries

Services value added — Armenia

Services value added in Armenia in 2025 — 17,937,415,571 US$. Ranked 98 in the world out of 158. Since 2012, the indicator has risen by 269.6%.

2025 17.94B US$ +11.49% vs 2024
World rank 98of 158
Period maximum 17.94B US$2025
Period minimum 4.85B US$2012

Trend over time

2012–2025 · US$

Services value added — Armenia, 2012–202505B10B15B20B201220142016201820202022202420252012: 4,852,916,181 US$2013: 5,088,042,939 US$2014: 5,504,423,595 US$2015: 5,088,045,727 US$2016: 5,263,630,320 US$2017: 5,851,944,196 US$2018: 6,554,908,088 US$2019: 7,350,764,920 US$2020: 6,730,592,380 US$2021: 7,366,698,493 US$2022: 10,852,671,288 US$2023: 14,595,038,728 US$2024: 16,089,511,624 US$2025: 17,937,415,571 US$
Change over the period: +13.08B (+269.62%) Average annual rate: 10.58 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Armenia

Armenia 17.94B US$
World computed 46.11T US$
Western Asia computed 2.12T US$
Upper-middle-income countries computed 18.01T US$
Services value added — Armenia, by year Armenia All countries CSV XLSX
Year US$ Change Change, %
2025 17.94B +1.85B +11.49%
2024 16.09B +1.49B +10.24%
2023 14.6B +3.74B +34.48%
2022 10.85B +3.49B +47.32%
2021 7.37B +636M +9.45%
2020 6.73B −620M −8.44%
2019 7.35B +796M +12.14%
2018 6.55B +703M +12.01%
2017 5.85B +588M +11.18%
2016 5.26B +176M +3.45%
2015 5.09B −416M −7.56%
2014 5.5B +416M +8.18%
2013 5.09B +235M +4.85%
2012 4.85B

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

Source: World Development Indicators (World Bank), license CC BY 4.0.