Editing Demographics of Armenia (section)

== Wealth and poverty ==

=== Inequality ===
Out of 41 [[emerging economies]], Armenia was among only four, which recorded rising inequality (measured by [[Gini coefficient]]) in years 2007–2015.<ref>{{Cite web|url=http://documents.worldbank.org/curated/en/816281518818814423/pdf/2019-WDR-Report.pdf |archive-url=https://ghostarchive.org/archive/20221009/http://documents.worldbank.org/curated/en/816281518818814423/pdf/2019-WDR-Report.pdf |archive-date=2022-10-09 |url-status=live|title=World Development Report 2019|date=n.d.}}</ref>

=== Wealth ===
According to Global Wealth Report, prepared by Credit Suisse, [[List of countries by wealth per adult|mean wealth per adult]] in Armenia in 2019 is estimated at $19,517 (rising 9 times from estimated $2,177 in year 2000). Mean wealth per adult in Armenia surpasses corresponding values for neighboring countries Georgia and Azerbaijan by over 50%, all [[Commonwealth of Independent States|CIS]] countries except Russia and Kazakhstan, and neighboring Iran. Growth rate of mean wealth per adult between 2000 and 2019 with the value of 9 times beats all neighboring countries, most of CIS countries as well as Estonia, Latvia and Lithuania.<ref name=":2">{{Cite web|url=https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html|title=Global wealth report|website=Credit Suisse|access-date=23 October 2019}}</ref><ref name=":3">{{Cite web|url=https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2019.pdf |archive-url=https://ghostarchive.org/archive/20221009/https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2019.pdf |archive-date=2022-10-09 |url-status=live|title=Global wealth databook 2019|date=n.d.}}</ref>

Median wealth per adult is reported at $8,309 in 2019, above the world average, rising 9.6 times from $862 in year 2000.<ref name=":2" /><ref name=":3" />

Between 2000 and 2019, average debts per adult grew 28.7 times to $1,261, or 6.5% of wealth per adult (below the 11.9% world average).<ref name=":2" /><ref name=":3" />

55% of adults own less than $10,000, 42.7% '''—''' $10,000–$100,000, 2.2% '''—''' $100,000–$1&nbsp;million and 0.1% '''—''' over $1&nbsp;million. The share of adults owning less than $10,000 with the value of 55% is less than corresponding value in each of CIS countries, neighboring Iran and Turkey, as well as the world average. Gini coefficient for wealth is reported at 66.3%, less than 82.4% the European average and 88.5% the world average.<ref name=":2" /><ref name=":3" />

=== Poverty ===
{{See also|Social issues in Armenia}}
As much as 53.5% of the country's population was officially considered poor in 2004. Poverty fell significantly in the following years amid double-digit economic growth that came to an end with the onset of the global financial crisis in late 2008. It soared to almost 36% in 2010, one year after Armenia's Gross Domestic Product shrunk by over 14%. Afterwards, there was a decreasing trend throughout the last years reaching 23.5% in 2018, down from 25.7% in 2017.<ref>[https://www.azatutyun.am/a/30315996.html"Armenian Government Reports Further Drop In Poverty"] azatutyun.am</ref>

The poverty indicators in [[Shirak Province|Shirak]], [[Lori Province|Lori]], [[Kotayk Province|Kotayk]], [[Tavush Province|Tavush]] and [[Armavir Province|Armavir]] provinces are higher than the country average. The highest poverty rate in the country has been recorded in [[Shirak Province|Shirak province]], where 46% of the population is below the poverty line. To overcome poverty, Armenia would need AMD 63.2&nbsp;billion, or an amount equal to 1.2% of GDP, in addition to the resources already allocated for social assistance, assuming that such assistance would be efficiently targeted to the poor.<ref name=":1" />

In terms of the international poverty line corresponding to US$1.25 in 2005 PPP, poverty in Armenia went down from 19.3% in the year 2001 to 1.5% in the year 2008 and remained nearly unchanged until the year 2015 moving in the range of 1.5% – 2.7%.<ref name=":1" />