In 2003, the national minimum wage in Armenia remained fixed at €8.2 per month, that is 98 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 5,000 Dram and accordingly, the national minimum wage has remained stable, while the CPI of 2002 which was 2%, so workers have lost purchasing power in the last year.
If we look at the ranking of the national minimum wage that we publish, Armenia is in 69 nd place, so it is among the countries with the lowest minimum salary of the 72 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 2003 and see all the information about this country in Armenia economy.