Armenia: cost of living

How fast are food prices rising in Armenia?

Food and non-alcoholic beverage prices in Armenia were 6.2% higher in September 2026 than a year earlier, according to the Armstat consumer price index release of 5 October 2026. Alcoholic drinks and tobacco were up 7.5%, and restaurants and hotels 5.4%. All consumer prices rose 4.3% over the same period.

The breakdown shows which parts of the household basket rose faster or slower than the total. Each category is weighted by its share of household spending, so the overall rate of 4.3% combines categories that rose faster and slower.

Official sources: Armstat: Consumer price index, September 2026 (PDF)

What is the poverty rate in Armenia?

21.7% of Armenia's population lived below the national poverty line in 2024, according to Armstat's poverty incidence table, based on the Integrated Living Conditions Survey. The rate was 23.7% in 2023 and 24.8% in 2022.

The figures use the 2019 methodology. Armstat notes that the 2024 survey weights were recalibrated using population records from the 2022 census, so the 2024 rate is not comparable with those for 2022 and 2023.

Official sources: Armstat: Poverty incidence (2019 methodology)

How unequal are incomes in Armenia?

Armenia's Gini index was 27.4 in 2024, according to World Bank Open Data.

The Gini index runs from 0, where everyone has the same income or consumption, to 100, where one person has all of it. The World Bank calculates it from national household survey data. Changes from one year to the next are small and can fall within the survey's margin of error, so trends over several years give a clearer reading than single-year changes.

Official sources: World Bank: Gini index, Armenia

What is the dram to dollar exchange rate?

One US dollar cost 365.5 dram on average in August 2026, according to Armstat's exchange rate table of average official rates. That was 95.4% of the rate in August 2025, meaning the dram had strengthened against the dollar. The average for January to August 2026 was 374.3 dram.

The official rate is set by the Central Bank of Armenia. Armstat publishes the euro and rouble rates in companion tables.

Official sources: Armstat: Average official exchange rate of 1 US dollar

What is Armenia's inflation rate?

According to the IMF, consumer price inflation in Armenia was 3.3% in 2025. Its high point since 2005 was 2008, at 8.9%; its low point was 2016, at -1.4%. Europe & Central Asia median: 3.7%; Armenia is 28th highest of 48. Worldwide: 77th of 165.

How much do households in Armenia spend per person?

In 2025, household consumption per person in Armenia was $4,095, according to the World Bank. That is the highest since at least 2005. Europe & Central Asia median: $11,266; Armenia is 40th highest of 44. World rank, highest first: 61st of 124.

What is the extreme poverty rate in Armenia?

The latest figure from the World Bank, for 2024, is 0.8%. That is the lowest since at least 2005. Europe & Central Asia median: 2.5%; Armenia is 5th highest of 6.

What is the poverty rate in Armenia?

The World Bank puts the share of people below the national poverty line in Armenia at 21.7% in 2024. That is the lowest since at least 2005. Europe & Central Asia median: 15.8%; Armenia is 3rd highest of 14. Worldwide: 13th of 31.

What is income inequality in Armenia?

The latest figure from the World Bank, for 2024, is 27.4. Since 2005 it has ranged from 25.1 (2020) to 36.0 (2005). It is 5th highest of 6 in Europe & Central Asia, where the median is 30.7.

How many people in Armenia go hungry?

The FAO puts moderate or severe food insecurity in Armenia at 7.1% in 2024. No year since 2017 has been lower. Europe & Central Asia median: 7.6%; Armenia is 29th highest of 45. World rank, highest first: 113th of 135.