03.Dec .2021 20:30

Poverty Rate in Armenia Grows 27%

Poverty Rate in Armenia Grows 27%
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The poverty rate in Armenia has increased by 0.6% in 2020, reaching 27%. 
 
There are more poor people in rural areas. They are divided into three main groups: the ‘extreme poverty’ category, which includes persons whose monthly income doesn’t exceed 23,828 drams ($50). This is 0.7% of the total number, which is lower than in 2019 (1.4%). This part of the population is simply malnourished, Report informs referring to Sputnik Armenia.
 
Next comes the lower poverty line, which includes citizens whose monthly income doesn’t exceed 35,324 drams (about $75). The third category is the upper poverty line. This group includes persons whose monthly income doesn’t exceed 53,641 drams ($110).