REAL INCOMES OF ARMENIAN POPULATION GROW BY 16.5% IN JANUARY-NOVEMBER 2006 ON SAME PERIOD OF PREVIOUS YEAR

Noyan Tapan
Jan 15 2007

YEREVAN, JANUARY 15, NOYAN TAPAN. In January-November 2006, monetary
incomes of the population made 1 trillion 463 billion 778.5 million
drams (about 3 bln 479 mln USD), while monetary expenditures – 1
trillion 424 billion 490.7 million drams. Their growth rate on the
same months of 2005 made 119.3% and 119.4% respectively.

According to the RA National Statistical Service, real monetary incomes
of the population (incomes less compulsory payments, taking into
account the consumer price indices) grew by 16.5% in January-November
2006 on January-November 2005.

78.4% of the population’s monetary incomes was spent on goods purchase
and service payment (79.4% in January-November 2005), 5.3% – on
compulsory and voluntary payments (5.5%), 1% – on deposits (0.8%)
and 12.5% – on foreign currency purchase (11.6%).

In January-November 2006, the RA population’s monetary expenditures
made up 97.3% of monetary incomes and remained the same compared with
the same period of 2005.

The average nominal salary in November 2006 exceeded 4.4fold the
minimal salary and 4.1fold compared with 2005.