ArmInfo. Nominal wages in Armenia accelerated growth rates - up to 5.8% in January-December 2019 from 3.8% in January-December 2018, amounting to 182750 drams ($ 380). In December alone, nominal wages increased by 26.4%, against a 23.4% increase in December 2018. In December 2019, as compared to December 2018, the nominal wage increased by 5.4%, against a growth of 2% in December 2018 compared to December 2017.
According to preliminary data of the Statistical Committee of the Republic of Armenia, salaries in the public sector are in January-December 2019 amounted to 161789 drams ($ 337), with the acceleration of y- o-y growth from 1.6% to 8.4%. And for salaries in the private sector, which amounted to 193288 drams ($ 402), there was a slight slowdown in y-o-y growth rates - up to 3.8% from the previous 4%. In December 2019 alone, wages in the public sector increased by 41.8%, and in the private sector - by 20.1%, which, in comparison with the upward dynamics of a year ago, indicates increased salaries in the public sector, which cannot be said about the private sector. Prior to this, in December 2018, almost the same growth was observed of 22.7% in the public sector and 23.7% in the private sector.
The average settlement rate of dram in December 2019 was 478.24 dr / $ 1, and in January-December 2019 - 480.45 dr / $ 1, against 484.67 dr / $ 1 in December 2018 and 482.99 dr / $ 1 - in January December 2018
