Information and communication sector takes the lead by level of wages

ArmInfo. The information and communication sector in Armenia took the lead by the level of wages. According to the National Statistical Service of Armenia, by 1 May 2016 the nominal salary of the employees of the specified sector was 423 thsd AMD ($867), with a 3.3% year-over- year growth. A month earlier, by April 1, the largest salary was registered in the financial sector - 431.5 thsd AMD ($886, 2.1% y-o-y growth). However, by May 1, the wages in the financial sector made up 376.3 thsd AMD ($773), dropping by 1.2% versus the same period of 2015.

The top five sectors with the highest wages also include mining with 348.8 thsd AMD or $717 (up 3.9%), power engineering - 333 thsd AMD or $684.2 (up 44.6%) and public administration and defense with 219.3 thsd AMD or $451 (down 3.4%).

Yerevan holds the second position by the level of wages - 201.5 thsd AMD (up 1.7%), while Syunik province is in the lead with 220 thsd AMD (down 5.9%). The top five also include Kotayk province with 172 thsd AMD (up 10.8%), Tavush province - 165 thsd AMD (up 18.5%), and Armavir province - 161 thsd AMD (up 5.1%).

In Jan-May 2016, the nominal salary in Armenia was 183,960 AMD ($379), with a 3.5% growth versus Jan-May 2015 and 0.5% growth in May 2016. As compared with May 2015, the nominal wages grew by 4.7%. The wages in the state-run organizations totaled 157,732 AMD ($325) in Jan-May 2016 (down 0.1% versus Jan-May 2015). In non-budgetary organizations rose by 6.9% to 220,034 AMD ($454). In May alone, the salary in state-run organizations grew by 0.3%, and in non-budgetary ones - by 0.6% (down 0.3% and up 9.4% versus May 2015, respectively).

In Jan-May 2016, the nominal salary in Armenia made up 183,960 AMD ($379) (up 3.5% versus Jan-May 2015, up 0.5% in May alone). As compared with May 2015, the nominal salary rose by 4.7%.

In May 2016, the average AMD/USD exchange rate was 478.37 AMD/$1, in Jan-May 2016 - 485.13 AMD/$1 versus 480.25 AMD/$1 in May 2015 and 477.22 AMD/$1 in Jan-May 2015.