ArmInfo. In May, nominal wages in May went from recession to growth due to the resumption of private sector activity. According to preliminary data of the Statistical Committee of the Republic of Armenia, in January-May 2020, nominal wages accelerated the annual growth rate to 7.9% from 5.4% in January-May 2019, amounting to 190166 drams ($ 393).
In May alone, the nominal salary went up by 1.5% from the 1.9% decline in April, against the 0.3% increase in May 2019. In May 2020, compared with May 2019, nominal wages increased by 6.8%, compared with a 6.5% increase in May 2019 compared to May 2018.
salaries in the public sector in January-May 2020 amounted to 162064 drams ($ 335), with the acceleration of annual growth from 6.4% to 8.7%. And in salaries in the private sector, which amounted to AMD 204,313 ($ 422), the annual growth rate accelerated - from 3.6% to 7.1%. In May 2020 alone, salaries in the public sector decreased by 2.7%, while salaries in the private sector grew by 3.4%, which is similar to May dynamics a year ago, when salaries in the public sector declined by 4.8% and salaries increased by private sector by 1.9%. Prior to this, in April 2020, there was a meager increase of 0.8% of salaries in the public sector and a decrease of 2.3% in salaries in the private sector.
Compared to May 2019, in May 2020, civil servants' salaries increased by 6.8%, while salaries in the private sector grew by 7.2%, compared to a year earlier growth in the same period by 6.9% and 4.7%, respectively.
The average settlement rate of dram in May 2020 was 484.12 dr / $ 1, and in January-May 2020 - 483.95 dr / $ 1, against 480.55 dr / $ on May 1, 2019 and 485.30 dr / $ 1 in January-May 2019