Sectorial Brochure Textile & Apparel Industry of Armenia/BA | Page 5

Labor cost
Armenian labor cost is 17 times cheaper than the average of world’s top textile & apparel,
leather & shoes exporters.
HOURLY COMPENSATION COSTS IN THE MANUFACTURING INDUSTRY IN 2016
ARMENIA COMPARED WITH THOSE OF TOP TEXTILE & APPAREL, LEATHER & SHOES EXPORTERS
Belgium
37$
Netherlands
34.6$
Germany
32.3$
Italy
27.1$
25.8$
USA
Spain
17.2$
4.5$
China
Turkey*
4.1$
India*
1.1$
1.2$
Armenia
Average 20.4$
Source: The Conference Board & National Bureaus of Labor Statistics
*Latest available data
Electricity price
Armenia’s electricity price in comparison with those of top textile exporting countries is
minuscule.
HOURLY ELECTRICITY PRICE IN US CENT/KWH IN 2017
IN ARMENIA COMPARED WITH THOSE OF TOP EXPORTERS
26.6
USA
Germany
25
20.3
India
Italy
20.2
Spain
19.1
Belgium
16.7
12.7
China
Turkey
12.1
Indonesia 11.1
Netherlands 10.8
Armenia
Average 17.5
8
Source: World Bank, Doing Business database
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