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Armenia's Population Spends 12.6% Of Its Income To Purchase Exchange

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  • Armenia's Population Spends 12.6% Of Its Income To Purchase Exchange

    ARMENIA'S POPULATION SPENDS 12.6% OF ITS INCOME TO PURCHASE EXCHANGE IN JAN-NOV 2006

    Arka News Agency, Armenia
    Jan 8 2007

    YEREVAN, January 8. /ARKA/. Armenia's population spent 12.6% of its
    income on the purchase of foreign exchange in January-November 2006
    (11.6% in the same period of 2005).

    The population's expenses on the purchase of foreign exchange increased
    by 31.1% in January-November 2006, whereas the rise in income made
    only 19.3% and overall expenses 19.4%. One percent of the population's
    incomes went on deposits.

    The country's population spent 78.4% of its income to purchase goods
    and services in January-November 2006 against 79.4% in the same period
    of 2005; a 17.7% increase was recorded in the expenditures compared
    with the same period of 2005.

    A 13.9% increase was recorded in compulsory payments and optional
    contributions, with their share making 5.3% of the overall income.

    Over the period, the population's cash expenditures were 2.7% as
    little as its cash income - no change against the same period of 2005.

    The population's cash incomes totaled AMD 1,463,778.5 mln in
    January-November 2006 - a 19.3% increase against the same period
    of 2005, with the cash expenditures totaling AMD 1,424,490.7 mln -
    a 19.4% increase compared with January-October 2006. ($1 = AMD 364.45).
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