Thursday, March 11 2021 15:20
Alina Hovhannisyan

Ministry of Economy: Labor Productivity in Armenia on average is $ 6  per hour

Ministry of Economy: Labor Productivity in Armenia on average is $ 6  per hour

ArmInfo. In the preparation of annual reports and development programs, the business segment should take into account the component of labor productivity. On March 11,  the Prime Minister of Armenia Nikol Pashinyan, noteworthy, not only  inferior to the indicator not only in developed, but also many  developing countries.

He stressed that there is a need to raise the awareness of the  coverage of labor productivity, and the methods of improving this  indicator.

In this regard, the Minister of Economy Vahan Kerobyan said that the  productivity of Armenia today is an average of $ 6 per hour, whereas  in the EAEU countries this figure is twice as high, and in developed  countries reaches $ 43 per hour. Kerobyan noted that to increase  productivity, the Ministry of Economy intends to implement a number  of promotional initiatives.