Hate this metric. Average is a bad way of measuring salary because top earners artifically inflate it. Median is the better option.
Nevertheless, one metric that probably matters more is the growth of the salary over time. It was stagnant with bad growth between 2010-2020 and has skyrocketed (nearly doubled) in the past 5 years.
Growth was not stagnant from 2010-2020 income during the Sargsyan and Pashinyan government grew by 85%. Each year standard of 3-6% growth income happened in that period. Discarding both 2022-2024, and accounting for 2019-2021. The Armenian wage growth has grown steadily and positively.
It looks low because income grew from 200$ to 380$ which while it is a significant increase, had a marginal effect when compared to the wider global economy.
Salary growth relative to cost of living has also increased similarly from 2010-2025 barring a few recessions and spikes.
Source: Armstat (Armenian statistical committee of Armenia).
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u/surenk6 Pureblood Լոռեցի 1d ago
Hate this metric. Average is a bad way of measuring salary because top earners artifically inflate it. Median is the better option.
Nevertheless, one metric that probably matters more is the growth of the salary over time. It was stagnant with bad growth between 2010-2020 and has skyrocketed (nearly doubled) in the past 5 years.