The President of the State Revenue Committee, Babken Tumanyan, has revealed on his Facebook page that the average monthly salary in Armenia in January 2024 was 267,000 drams. According to Tumanyan, the average salary in the public sector was 208,000 drams, while in the private sector, it reached 291,000 drams.

Compared to January 2023, the average wage in January 2024 experienced a 7.1% increase, with the public sector seeing a 9.8% rise and the private sector growing by 6%. The highest earning professionals were those in the information and communication field, with an average salary of 865,000 drams. Additionally, Tumanyan mentioned that individuals working in financial and insurance activities earned an average of 579,000 drams during that period.

This announcement provides valuable insight into the salary trends in Armenia and gives an indication of the sectors that offer higher earning potential. It is encouraging to see growth in wages, reflecting increased economic activity in both the public and private sectors.

These findings serve as a benchmark for individuals looking to assess their salary expectations and make informed decisions about their career paths. They also shed light on the importance of education and skill development in fields such as information and communication and financial and insurance activities.

Overall, this information underscores the ongoing efforts by the Armenian government to promote economic growth and improve living standards through favorable employment conditions and fair wages.</p