Nominal salary in Armenia for 9 months of 2017 slightly accelerated growth rates – from 2.2% to 2.4% per annum

ARMINFO News Agency, Armenia
 Saturday
Nominal salary in Armenia for 9 months of 2017 slightly accelerated
growth rates - from 2.2% to 2.4% per annum
Yerevan October 21
Karina Melikyan. Nominal wages in Armenia slightly accelerated the
rate of growth - from 2.2% in January-September 2016 to 2.4% in
January-September 2017, amounting to 189928 AMD ($ 394). Only in
September, nominal wages increased by 0.6%, against 0.1% growth in
September 2016. In September 2017 compared with September 2016,
nominal wage growth accelerated to 2% from 1.1% in September 2016 by
September 2015.
According to preliminary data of the National Statistical Service of
Armenia, 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 earlier. At the same time, wages in the private sector
continued to slow down the growth rate, to 3.1% from 4.4% a year
earlier, to 225950 AMD ($ 468). Only in September 2017, wages in the
public sector fell by 0.3%, and in the private sector, on the
contrary, it increased by 1.4%, while a year earlier in the same
month, growth was recorded on salaries of civil servants (by 0.4%)
with a decline in salaries in the private sector (by 0.2%). According
to statistical data, in Armenia the growth of economic activity in
January-September 2017 to the same period of 2016 accelerated from
1.6% to 5.1%. Only in September 2017, economic activity increased by
10.1% with an annual growth of 2.5%, against last year's September
growth of 7% and an annual decline of 2.4%.
The average calculated exchange rate for AMD was 478.24 AMD/USD1 in
September 2017, and in January-September it was 482.59 AMD/USD1,
against 474.10 AMD/USD1 in September 2016 and 481.03 AMD/USD1 in
January -September 2016, 481.07 AMD/USD1 - in September 2015 and
477.71 AMD/USD1 - in January-September 2015.