Sectorial Brochure Agri-Food Sector of Armenia/BA | Page 6

MANUFACTURING
Labor cost
HOURLY COMPENSATION COSTS IN THE MANUFACTURING INDUSTRY IN 2016
ARMENIA COMPARED WITH THOSE OF TOP FOOD AND BEVERAGES EXPORTERS
Belgium
47.3$
Germany
43.2$
USA 39$
France 37.7$
34.6$
Netherlands
Italy
32.5$
Spain
23.4$
8$
Brazil
4.5$
China
Armenia
2$
Average 30$
Source: The Conference Board & National Bureaus of Statistics
Favorable conditions for production
£ Armenia gets around 307 sunny days (2500 hours of sunshine) per year
£ There are highly fertile and diverse types of soils
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£ Armenia’s water resources are 4 million m annually
£ A unique combination of excellent climate conditions and a ordable and skilled
labor force in agriculture and food production
£ Production and processing of beverages in Armenia is rooted in rich history and a
long-established tradition
ELECTRICITY PRICE IN US CENTS/KWH IN 2017
ARMENIA COMPARED WITH THOSE OF TOP FOOD AND BEVERAGES EXPORTERS
USA
26.6
Germany
25
Italy
20.2
Spain
19.1
Belgium
16.7
France
13.6
Brazil
14.2
China
12.7
Indonesia 11.1
Netherlands 10.8
Armenia
Average 17
8
Source: Doing Business Database
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