over $1 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. Poverty 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. The poverty indicators in Shirak, Lori, Kotayk, Tavush and Armavir provinces are higher than the country average. The highest poverty rate in the country has been recorded in Shirak province, where 46% of the population is below the poverty line. To overcome poverty, Armenia would need AMD 63.2 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. 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%. See also Assyrians in Armenia Censuses of Armenia Demographics of the Republic of Artsakh Ethnic minorities in Armenia Greeks in Armenia Health in Armenia List of European countries by population Lom people Peoples of the Caucasus Russians in Armenia Social protection in Armenia Yazidis in Armenia Notes References Bibliography External links Population cartogram of Armenia Khachatryan, Anush; Karapetyan, Arsen: "Public Green Space in Armenian Cities: A Legal Analysis" in the Ccaucasus Analytical Digest No. 23