Tuesday, November 27, 2012

Armenian Government Reports Slight Drop In Poverty

Widespread poverty in Armenia has declined slightly in the last two years thanks to renewed economic growth, according to the government.

Government data and estimates show that one in three Armenians still lives below the official poverty line despite the country's improved macroeconomic performance.

In its latest household income report released on Tuesday, the National Statistical Service (NSS)  said the poverty rate decreased from around 36 percent in 2010 to 35 percent last year.

Finance Minister Vache Gabrielian suggested earlier this month that the official figure has eased to 34 percent this year and will fall further in 2013 due to continued economic growth, which he said will translate into 10,000 new jobs.

Armenian News

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