Number of poor people increased by 270,000 in Armenia during the last two years, as a result of the 2008-2009 economic downturn. Currently there are 1.2 million poor people in Armenia, publication on social image of Armenia and poverty by the Armenian National Statistical Service for November reads.
Poverty level made 35.8% in Armenia last year, as compared to 27.6% in 2008. Extreme poverty level made 3.0%, as compared to 1.6% in 2008.
Over 54% of Armenian population was considered poor in 2004.
People, whose monthly allowance is below AMD 33,500 ($90), are considered poor
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