The mining industry has a great weight in the economy of Armenia, due to the export earnings, foreign direct investments, and high tax revenues. Mining is the one of the largest sectors with a share in the export structure of Armenia: 10.5% of the country’s merchandise exports are mineral products. The mining industry accounts for 17% of the country’s industrial output and 2.9% of the GDP (2023).
Among the main issues related to the sector are the short (underdeveloped) value chains of the main products, the high level of environmental pollution, the problems of the regulatory field, etc.