Growth rates of nominal salary in Armenia slackened from 8.5% to 2%

ArmInfo. Nominal salary growth  rates in Armenia slackened from 8.5% in Jan-Nov 2015 to 2% in Jan-Nov  2016, totaling AMD 184796 (USD 385). Only in November salary  decreased by 0,1% versus 0,3% growth in Nov 2015. In Nov 2016,  compared to Nov 2015, the nominal salary growth slackened- to 0.7% in  Nov 2015 versus 3.8% in Nov 2014.        According to the preliminary data of the National Statistical Service  of Armenia, the salary at the state-run enterprises for Jan-Oct 2016  totaled 159,413 AMD ($332), dropping by 1.2% versus 9.7% growth a  year before. The salary in private organizations slackened growth by  4.4% from 7.1% to 218,173AMD ($454). In Nov alone, the salary at the  state-run enterprises increased by 0.1%, amid 0.2% decline of salary  at privately owned enterprises. For comparison, in 2015 growth rates  in two sectors were almost equal -0.4% in state-run enterprises and  0.3% in privately-owned ones, the same figures were registered in  2014. 

To note for comparison, that the nominal salary in Jan-Nov 2014 in  Armenia increased 8% y-o-y and 0.3% in Nov alone. Salary at state-run  enterprises increased by 8.1% and salary at privately owned  enterprises- by 7.7% in Jan- Nov.

In Nov 2016, the AMD/USD average exchange rate was 478.52 AMD/1USD,  and in Jan-Nov 2016 - 480.27 AMD/1USD versus 480.15 AMD/1USD in Nov  2015 and 477.46 AMD/1USD in Jan-Nov 2015. In Nov 2014 the exchange  rate totaled 420.45 AMD/$1, and in Jan-Nov 2014-411.59 AMD/$1.