Publication: How the Crisis Changed the Pace of Poverty Reduction and Shared Prosperity: Armenia Poverty Assessment
Other Files
1,171 downloads
Date
2015-06
ISSN
Published
2015-06
Author(s)
World Bank Group
Abstract
This report examines Armenia’s
experience in reducing poverty and raising the welfare of
the least well-off in the country in the years since 2009.
What households spend on consumption is an indicator of
their welfare. As the economy recovered from crisis, the
least well-off enjoyed some growth in consumption spending,
but not as much as in the years up to 2009. Moreover, growth
has become less pro-poor in relative terms because the less
well-off enjoyed lower growth in consumption than the
better-off. As a result, although consumption did translate
into a reduction in poverty, inequality is now higher than
before 2009. In 2013, 32 percent of Armenia’s population
lived below the national poverty line, a poverty rate higher
than in pre-crisis years but down from the high of 35.8
percent in 2010. In fact, between 2012 and 2013, poverty
reduction seems to have stalled. This report looks at the
micro and macro aspects of Armenia’s poverty reduction
experience to: (a) describe the key features of post-crisis
poverty, inequality, and consumption growth; (b) examine the
drivers of poverty reduction in this period; and (c) explore
reasons why future growth might not be as pro-poor as in the past.
Link to Data Set
Citation
“World Bank Group. 2015. How the Crisis Changed the Pace of Poverty Reduction and Shared Prosperity: Armenia Poverty Assessment. © World Bank, Washington, DC. http://hdl.handle.net/10986/23699 License: CC BY 3.0 IGO.”