Average salary in Armenia is higher than Azerbaijan, lower than Georgia

Average Salary in Post-Soviet States

Average Salary in Post-Soviet States

I came across this infographic on Настоящее Время, which shows average salaries in post-Soviet states in 2016-17. The data is taken from open sources, like the World Bank, etc. Interesting to see that the salaries in oil-rich Azerbaijan are lower than in Armenia, meanwhile Georgia is ahead of everyone. Below is a table extracted from the infographic, which I’ve typed up and translated into English for easy reference.

Country Salary
Estonia  $1,313.00
Latvia  $1,009.00
Lithuania  $903.00
Russia  $657.00
Kazakhstan  $432.00
Georgia  $413.00
Belarus  $402.00
Armenia  $397.00
Azerbaijan  $299.00
Moldova  $288.00
Ukraine  $263.00
Kyrgyzstan  $204.00
Turkmenistan  $198.00
Uzbekistan  $177.00
Tajikistan  $120.00
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55% of Armenians support country’s membership in Eurasian Economic Union

According to the Caucasus Barometer 2013, 55% of Armenians support Armenia's joining the Eurasian Economic Union.

According to the Caucasus Barometer 2013, 55% of Armenians support Armenia’s joining the Eurasian Economic Union.

According to the Caucasus Barometer 2013, 55% of Armenians support Armenia’s joining the Eurasian Economic Union. More importantly, only 13% are against it. Continue reading

Armenia’s Economy Ranked 41st Freest in The 2014 Index. The Full Story.

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Armenia’s economic freedom score is 68.9 according to the Index of Economic Freedom 2014, making its economy the 41st freest in the world. This annual index and ranking is created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world’s nations. The question is — does it tell us the full story? Continue reading

How Much Do Holidays Cost The Armenian Economy?

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Today is the 10th straight day of holidays in Armenia. I’ve been in need of a bank for at least 5 days, not a chance! Car technicians are not working either, although I need something urgent to be fixed!

I’ve been wondering how can a poor country like Armenia afford to shut down its economy and make no money for so long.

There are some estimates, that the UK economy is losing £ 2.3 bn on each bank holiday. How much is Armenia losing? Continue reading