Tue, 29 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian citizens’ bills for online purchases grew by 25% in 2016

YEREVAN, February 6. /ARKA/. Armenian users’ bills for online purchases in 2016 surged by 25% from the previous year, while the number of payments increased by almost 50%, according to a study by Yandex. Money.

However, the average bill of an Armenian online buyer decreased from 3,342 drams to 2,820 drams (at the rate of the Central Bank of Russia on 01.31.2017). Over the twelve months, each user paid on average for 9 online purchases worth 25,334 drams – about 15% less than in 2015.

In 2016, the bulk of purchases were made by residents of Yerevan, Gyumri, Hrazdan and Abovyan. Compared with 2015 the number of payments for online purchases in Hrazdan and Abovyan grew by 150%, while in Gyumri they decreased by more than 15%.

Residents of Yerevan and Hrazdan paid the largest average bill for a single purchase – 8,803 and 7,507 drams respectively. In Gyumri users spent 4,931 drams on a single purchase.

In 2016, most of payments were made for online games, cellular communication, paid options in social networks, and orders from online stores. Armenian Internet users also donated money to various charities.

Compared with 2015 the number of online purchases doubled. The amount of payments for online games increased by 1.8 times, for mobile communication – by more than 15%, while the number of payments for the paid options in social networks fell by about 5%. The number of online donations grew by 4.6 times.

From online store Armenian users bought more often clothes and shoes, books, household goods, car accessories. The number of clothing orders increased 3.7 times, the number of purchases of cosmetics and perfumes, as well as products for health grew by 7 times in each category. As for consumer electronics it was not in great demand- the number of payments decreased by almost half.

The study is based on the payments made by residents of Armenia through Yandex. Money in 2016 and 2015. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img