The IT sector accounted for 2․4% of Armenia's GDP in 2019, Minister of High-Tech Industry Hakob Arshakyan has revealed.

The country's economy expanded by 7.6% in the previous year.

"We believe that the privileges enjoyed by the high-tech industry are relevant and justified," Arshakyan has said.

"It encourages companies to come up with new ideas."

The Ministry of High-Tech Industry is implementing programs to help mitigate the economic impact of the coronavirus pandemic.