Armenia poverty at 76% - WB
Those in Armenia who spend less than $5 a day constitute 76 percent of the country's population, according to the recent World Bank (WB) report, NEWS.am website reported.
The WB considers those who spend less than $5 a day to be poor, according to the website.
"The thing is that the WB presents the poverty level with two separate standards: one, from the viewpoint of spending $2.5 a day, and the other, from the viewpoint of spending $5 a day," the website reported, adding that from the viewpoint of [spending] $2.5, the poverty level in Armenia amounted to 26 percent in 2014.
According to the Armenian National Statistical Service (NSS), poverty rate in the republic amounted to 30 percent at the end of 2014 (2 percentage points less, as compared to 2013).
"With the NSS methodology, those, whose consumption per adult was below the upper general line of poverty (in 2014, this was 40,264 drams [nearly $84] per month), were assessed as poor," the website said.