During the last 10 years, the computer related field in Armenia, excluding Internet service providers, has grown at a compound annual rate of 22%. At the end of 2015, the number of computer services related companies was approximately 450. About 13% of these companies operate in the field of high-technology, while the rest are Information Technology (IT) companies. Revenues generated by the software and services sectors as well as the internet service providers were 4.3% of Armenia’s Gross Domestic Product (GDP) in 2014 and raised to 5% in 2015. One of the reasons for this fast growth has been the availability of relatively cheap and competitive human resources which has attracted foreign IT companies to establish branches and operations in Armenia. IT/high-tech is a high value-added sector, and increasing jobs in this high paid sector will have a positive effect for the economy as a whole. Armenia has a competitive workforce in comparison to the international market with a relatively favorable trade environment and regulations. Quality education is a key ingredient for a thriving IT sector in Armenia.
Computer Related Education in Armenia
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During the last 10 years, the computer related field in Armenia, excluding Internet service providers, has grown at a compound annual rate of 22%. At the end of 2015, the number of computer services related companies was approximately 450. About 13% of these companies operate in the field of high-technology, while the rest are Information Technology (IT) companies. Revenues generated by the software and services sectors as well as the internet service providers were 4.3% of Armenia’s Gross Domestic Product (GDP) in 2014 and raised to 5% in 2015. One of the reasons for this fast growth has been the availability of relatively cheap and competitive human resources which has attracted foreign IT companies to establish branches and operations in Armenia. IT/high-tech is a high value-added sector, and increasing jobs in this high paid sector will have a positive effect for the economy as a whole. Armenia has a competitive workforce in comparison to the international market with a relatively favorable trade environment and regulations. Quality education is a key ingredient for a thriving IT sector in Armenia.