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Poverty Rate In Armenia Nearly Doubles

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  • Poverty Rate In Armenia Nearly Doubles

    POVERTY RATE IN ARMENIA NEARLY DOUBLES

    http://asbarez.com/116670/poverty-rate-in-armenia-nearly-doubles/
    Tuesday, November 26th, 2013

    An elderly man in Armenia next to his makeshift shack

    YEREVAN (Arka)-The poverty rate in Armenia climbed 17.4% from 2008 to
    32.4% in 2012, according to the Armenian National Statistical Service's
    report, titled, "Poverty and the Social Panorama in Armenia, 2013."

    In its report, the National Statistical Service divides the poor into
    three categories - extremely poor, very poor, and poor. The extreme
    poverty rate in Armenia rose 1.8 times in the last five years while
    the rate of very poor people increased by 7.1%.

    According to the statistical report, every third resident of the
    country - 32.4% (980,000 people) - lived in poverty in 2012. 13.5%
    (408,000) were very poor and 2.8% (85,000) extremely poor.

    Poverty rates in urban and rural areas are similar - in cities it stood
    at 32.5% in 2012 after rising 17.7% from 2008, while in villages the
    rate rose 16.7% to 32.1%.

    The lowest poverty rate was recorded in Yerevan - about 25.6%
    (1.6 times lower than other urban areas' indicators). The poverty
    rate overall climbed 27.3% over the last five years in Yerevan,
    while in other cities it rose by 12.3%. 64.4% of poor people are
    urban residents.

    The main factor of the 2008-2012 poverty rate increase was a sharp
    economic decline in 2009.

    Earlier, Finance Minister David Sargsyan said that the poverty rate in
    Armenia is gradually decreasing. This slow but sustainable downward
    movement will continue along in 2014 thanks to increases in salaries
    and pensions, Sargsyan says.

    The minimum salary in the country was 32,500 dram in 2012. The average
    monthly salary was 113,163 dram.

    In July 2013, the minimum salary was raised by 30% to 45,000 dram.

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