Friday, June 17 2016 15:19
Alina Hovhannisyan

Financial sector in Armenia retains leadership in terms of standard of wages 

ArmInfo. The financial sector in Armenia retains leadership in terms of standard of wages. The National Statistical Service of Armenia reports that by 1 April 2016, the nominal salary of the Armenian financial sector employees made up 431.5 thsd AMD ($886), with a 2.1% year- over-year growth. The following sectors rank next: information and communication - 369.4 thsd AMD (up 12.3%), mining industry - 343.3 thsd AMD (up 8.2%) and energy complex - 306.4 thsd AMD (up 28.2%).

Yerevan holds the second position by the average salary (199.7 thsd AMD) after Syunik province (219 thsd AMD, with a 0.3% year-over-year decline). Armavir province is the third with 163 thsd AMD (up 8.5%), Kotayk province is the fourth with 161.3 thsd AMD (down 1.1%), Ararat province is the fifth with 155.7 thsd AMD (up 7.5%).

In Jan-Apr 2016, the salary in the state-run organizations made up 157.2 thsd AMD ($323), with a 0.1% year-over-year decline. In non-budgetary organizations, the salary grew by 6.3% to 218.3 thsd AMD ($449). In April alone, the salary in the state-run organizations rose by 0.2%, and the salary in non- budgetary organizations grew by 1.1% (2.6% year-over-year decline and 7.7% year-over-year growth, respectively).

In Jan-Apr 2016, the nominal salary in Armenia made up 182.8 thsd AMD ($376), with a 3.2% growth versus Jan-Apr 2015 and a 0.7% growth in April alone. In April 2016 versus April 2015, the nominal salary grew by 2.6%.

In Jan-Apr 2016, the average market AMD/USD exchange rate was 486.82 AMD/$1, and in April 2016 - 481.27 AMD/$1 versus 476.46 AMD/$1 in Jan-Apr 2015 and 474.07 AMD/$1 in April 2015.

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