ArmInfo. Nominal salary growth in Armenia drops down from 9,2% in January-October 2015 to 2,4% in January-October 2016, forming AMD 185689 (USD 387). Only in October salary decreased for 0,2% versus 0,8% growth in October 2015. In October 2016, compared to that of 2015, the nominal salary growth slowed down also- to 3,1% in October 2015 vs 5,7% in October 2014.
According to the preliminary information shared by the National Statistics Service, the salary in budget based entitites in January-October 2016 formed AMD 159791 (USD 333), decreasing for 1,1 %, versus the growth of 11 % a year ago. At that, the salary at non-budget entities also slowed down with its annual growth from 7,1% to 5,2%, forming AMD 219893 (USD 458). Only in October the budget based salary decreased for 0,5%, and non-budget remained the same, while a a year ago as per the same month both budget and non-budget based salaries growth was fixed for 1,5% and 0,1% respectively.
To compare, the nominal salary in Armenia in January-October 2014 grew up in an annual view for 7,8%, and for October solely - for 0,7 %. At that, the budget based salary in October grew for 1,3%, while the non-budget - for 0,1%, within the annual growth for January-October for 7,4% and 8% respectively.
The AMD average exchange rate in October formed AMD 475,25/USD1, and in January-October - AMD,45/USD1, versus AMD 472,55/USD1 in October 2015 and AMD 477,19/USD1 in January-October 2015. In October 2014 the exchange rate was at AMD 409,98/USD1, and in Juanuary-October period of 2014 - AMD 410,70/USD1.