Average salary and average person's salary

Yerkir Media · 38 minutes

“The average family salary is the median. It shows the family, 50% of which is higher, 50% lower. I calculated it, taking into account the number of employees in different sectors and the average salary, and I got approximately 220,000 drams gross. If we subtract taxes and fees, we get 170,000 drams. In the Republic of Armenia, one in six is on the blacklist, and we all have acquaintances, relatives who ask us for money. If we want to transfer it to the card, they say, no, don’t transfer it, the bailiff will come and take it.”

“80% of the wage bill is generated in Yerevan, 80% of trade is registered in Yerevan, as well as 80% of loans, and not only in Yerevan, but in the center of Yerevan. The sector that has suffered the most is agriculture, which has declined 17.7% since 2018. Our main growth is provided by the growth of house prices, and if the growth of house prices stops, construction stops, and money coming from abroad stops, this can be a rather vulnerable shock to the overall economy, which the ordinary citizen will ultimately pay. We cannot control our surroundings, the main thing we can control is ourselves. There are people who are farsighted and are sacrificing something right now, be it paying off a loan or getting rid of debts, so that their future selves feel better.”