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The economy of Armenia is an emerging free-market economy. It is the 115th-largest economy in the world, with a gross domestic product (GDP) of $29.08 billion in 2026. The services sector is the largest in Armenia's economy, contributing 61.5% of the country's total GDP; followed by the industrial sector at 23.2%; and the agricultural sector at 7.9%. A smaller, but increasingly important piece of the economy is the IT sector, which makes up 6.25% of national GDP and was growing at an average yearly rate of 20% as of 2022.
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