Armenia - Economic sectors



Unlike most industrialized and economically developed nations where services and industry dominate the

economy, in Armenia agriculture is the main employer and largest source of GDP. According to the World Development report 2000/2001, the total labor force in 1999 was 1.5 million people, of which 55 percent were employed in agriculture, 25 percent in services, and 20 percent in industry. In 1999, agriculture accounted for 40 percent of GDP, industry 25 percent of GDP, and services 35 percent of GDP.

User Contributions:

Comment about this article, ask questions, or add new information about this topic: