Average monthly wage in Armenia is more than 3 times less than the global average, which is estimated to be equal to $1,480 a month according to the study published last year by the United Nations’ International Labour Organization (ILO). Furthermore, the average wage in Armenia is the lowest among the three Caucasian states.
The global average wage is a figure based on data from 72 countries. Some of the world’s poorest countries, as well as countries for which reliable data is not available, are omitted from the study.
Additionally, the figures are in adjusted exchange rates – the average salary is calculated in Purchasing Power Parity (PPP) dollars. Given the adjustments, the average wage in Armenia is estimated to be equal to $471 US.
Georgians ($603) and Azerbaijanis ($596) are slightly better off, but the Caucasus as a whole is seriously lagging behind most of the 72 countries included in the study.
It is rather depressing to understand that the people of the resource-rich Caucasus region, which is so conveniently placed on international trade routes and is rich on human capital, are losing so much to conflicts buried in their common tragic histories.
Meanwhile, here’s a table showing the rank of average monthly salary or wage in the world for some of the countries included in the study.
I’ve included the top 10 earning countries, as well as regional superpowers — Russia and Turkey — the Caucasus and the worst 3 countries.
|Rank||Country||Average Wage (USD)|
|10||Korea (Republic of)||2,903|