ArmInfo. In January-February 2026, Armenia's industrial sector achieved an annual growth of 17.2% (from a 19.4% decline a year ago), generating a volume of 491.5 billion drams ($1.3 billion).
In February alone, industry increased production by 12.2% to 262 billion drams ($693.7 million). According to data from the RA Statistics Committee, the improvement in annual growth came from both the mining and manufacturing industries. In particular, manufacturing recorded growth across almost all sectors, exception for decreased production of machinery and equipment (by 59%), coke and refined petroleum products (by 76.3%), rubber and plastic products (by 8.1%), and other non-metallic products (by 3.4%).
The highest growth rates were demonstrated by the chemical industry (2.9 times), computers, electrical, and optical equipment (by 73.5%), furniture (by 67.4%), and jewelry (by 55.3%).
Overall, the manufacturing sector demonstrated a 14.5% increase in production (versus 26.2% growth the year before), amounting to 302.6 billion drams. Out of this amount, 172.8 billion drams were produced in February 2026, representing a month-on-month increase of 32.1%. The leading production volumes are food products (78.7 billion drams), basic metals (70 billion drams), cigarettes (48.8 billion drams), beverages (29.5 billion drams), and other non-metallic products (15 billion drams).
The mining and open-pit mining industry saw a reversal in dynamics, with a 19.2% decline and a 42.6% increase, reaching 102.9 billion drams. In February, mining output decreased by 4.7% to 51.3 billion drams.
According to statistics, supplies of electricity, gas, steam, and air conditioning in January-February 2026 increased by 6.6% compared to the same period in 2025 (compared to 10.7% growth a year earlier), reaching 80.9 billion drams. In February alone, a 24.4% decline was recorded, reaching 35.3 billion drams.
Moreover, electricity generation, transmission, and distribution increased by 7.9% year-on-year in January- February, while gas production and distribution of gaseous fuels through gas supply systems increased by 3.1%.
Revenues from water supply, waste treatment and processing, and recycling accelerated in January- February to 4.8% year-on-year (from 0.3% a year ago), reaching 4.9 billion drams. In February alone, they decreased by 2.9%, reaching 2.5 billion drams.
It should be noted that the average dram exchange rate in January-February 2026 was AMD 378.76 /$1, and in February 2026, it was AMD 377.55/$1.
