Average monthly salary in Armenia reaches 275k AMD in June 2024

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YEREVAN, September 3. /ARKA/. The average monthly salary in Armenia as of June 2024 was 275,654 drams, marking a 3% increase compared to the same period last year, the country's Economy Ministry reported on Friday./pp

The report revealed that the average salary in the public sector was 215,521 drams (+5.7%), while in the private sector it was 299,395 drams (+2.1%)./pp

The top three highest-paid sectors were:/pul li p

Information and Communication, with an average salary of 824,100 drams. /p /li li p

Mining and Quarrying, with an average salary of 799,925 drams. /p /li li p

Financial and Insurance Activities, with an average salary of 683,061 drams. /p /li/ulp

The report also noted a general increase in average salaries across all employment sectors compared to June 2023, with the exception of mining, public administration, and defense./pp

The sectors with the highest growth in average salaries were:/pul li p

Agriculture, forestry, and fishing, with a 15.3% increase. /p /li li p

Financial and insurance activities, with a 12.8% increase. /p /li li p

Electricity, gas, and steam supply, with a 10.7% increase. /p /li/ul