Monday, November 6 2017 14:40
Alina Hovhannisyan

Leadership in the level of wages in Armenia keeps the sphere of information and communication

Leadership in the level of wages in Armenia keeps the sphere of  information and communication

ArmInfo. In Armenia, the  sphere of information and communication keeps the leadership in terms  of wages - on September 1 this year 435.5 thousand AMD with an annual  growth of 13.1%. According to the National Statistical Service of  Armenia, followed by the mining industry -392.6 thousand AMD (an  annual increase of 8.4%), the financial sector - 390.2 thousand AMD  (annual decline of 0.3%), and the energy complex - 246.4 thousand AMD  (annual decline of 3%).

Yerevan ranks second in terms of salaries - 204.4 thousand AMD on  average (with an annual growth of 2.8%). Leadership is held by the  Syunik district, where the nominal wage averaged 244.1 thousand AMD  (with an annual growth of 10.5%), followed by Tavush area - 167.1  thousand AMD (annual growth of 1.2%), Lori area - 164.4 thousand AMD  (an annual growth of 7.8%), and the top five leaders are Kotayk area  - 161 thousand AMD (annual growth of 0.6%).

According to statistical data, in total, the nominal wage in Armenia  slightly accelerated the growth rate - from 2.2% in January-September  2016 to 2.4% in January-September 2017, amounting to 189928 AMD ($  394). In particular, wages in the public sector in January-September  2017 was 160135 AMD ($ 332), unchanged year-on-year, against the  decline of 0.7% a year ago. At the same time, wages in the private  sector continued to slow down the growth rate, to 3.1% from 4.4% a  year ago, to 225950 AMD ($ 468).

According to the updated forecast of the Central Bank, the average  nominal wage will increase by 3.1% in 2017 (versus the previously  expected 2%), with an annual growth rate of 0.8-1.2 percentage points  accelerating. For example, in the private sector, the average nominal  wage is expected to grow by 4.2% in 2017 (similar to the previous  forecast), and in the public sector - by 1% (versus  the previously  projected decline of 0.7%). In the medium term, in parallel with the  acceleration of economic growth and the approach of inflation to the  target threshold, the growth rate of wages will also accelerate. The  updated forecast of the Central Bank for 2018 and 2019 almost does  not differ from the previous one. In particular, previously the  Central Bank expected in the private sector to increase wages in 2018  by 5.2% and in 2019 by 6.5%, while in the public sector - in 2018 by  3.4% and in 2019 - by 4.9%.

The average calculated exchange rate for AMD was 478.24 AMD / $ in  September 2017, and in January- September it was 482.59 AMD / $ 1,  against 474.10 AMD / $ 1 in September 2016 and 481.03 AMD / $ 1 in  January -September 2016.

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