In 2014, the national minimum wage in Armenia remained fixed at 118.2 € per month, that is 1,418 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Dram, which is the official currency in Armenia, we can see that, this year, it was 66,138 Dram and accordingly, the national minimum wage has been raised 21,138 Dram per month from the previous year, 46.97%. This increase is greater than the CPI of 2013 which was 5.6%, so workers have gained buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Armenia is in 73 nd place, so it is among the countries with the lowest minimum salary of the 94 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Armenia. You can see NMW in other countries in National Minimum Wage 2014 and see all the information about this country in Armenia economy.