has improved standards of living and growing income, which brought to the improvement of retail sector in Armenia. retail sector has the highest employment level. While the sector improves, currently the major sector is still in Yerevan, and not in the other cities of Armenia. The development that happened in this sector was the opening of Dalma Garden Mall, and later Yerevan mall, Rio mall and Rossia mall, which dramatically increased the quality of retail in Yerevan. Currently there is a new development, as in Gyumri there is a new mall opened called Shirak Mall. Another reason for the development of the retail is the development that happened in the banking industry. Today people can easily get financial assistance from the banks right to their credit cards, without visiting the bank. Information and Communication Technologies As of February 2019 nearly 23 thousand employees were counted in ICT sector. With 404 thousand AMD they enjoyed highest pay rate among surveyed sectors of economy. Average salaries in pure IT sector (excluding communications sub-sector) stood at 582 thousand AMD. Financial Services In January 2019 there were 20.5 thousand employees registered in the financial sector. According to Moody's, robust economic growth will benefit banks with GDP growth remaining robust at around 4.5% in 2019–20. Industry report on banking sector prepared by AmRating presents slightly varying figures for some of above data. Tourism Tourism in Armenia has been a key sector to the Armenian economy since the 1990s when tourist numbers exceeded half a million people visiting the country every year (mostly ethnic Armenians from the Diaspora). The Armenian Ministry of Economy reports that most international tourists come from Russia, EU states, the United States and Iran. Though relatively small in size, Armenia has four UNESCO world heritage sites. Despite internal and external problems, the number of incoming tourists has been continually increasing. 2018 saw a record high of over 1.6 million inbound tourists. In 2018, receipts from international tourism amounted to $1.2 billion, nearly twice the value for 2010. In per capita terms these stood at $413, ahead of Turkey and Azerbaijan, but behind Georgia. In 2019, the largest growth at 27.2% was shown by accommodation and catering sector, which came as a result of the growth of tourist flows. Financial system Foreign debt The amount of interest paid on the public debt rose significantly (from AMD 11 billion in 2008 to AMD 46.5