The Integrated Survey of Living Standards (ISLS), renamed in 2004 to Integrated Survey of Living Conditions Survey (ILCS) is conducted annually by the NSS National Statistical Service of the Republic of Armenia, formed the basis for monitoring living conditions in Armenia. The ILCS is a universally recognized best-practice survey for collecting data to inform about the living standards of households. The ILCS comprises comprehensive and valuable data on the welfare of households and separate individuals which gives the NSS an opportunity to provide the public with up to date information on the population’s income, expenditures, the level of poverty and the other changes in living standards on an annual basis.