Labor Force Participation Rate in Armenia decreased to 56.60 percent in the fourth quarter of 2019 from 60.10 percent in the third quarter of 2019.

Labor Force Participation Rate in Armenia averaged 60.76 percent from 2011 until 2019, reaching an all time high of 65.90 percent in the third quarter of 2011 and a record low of 54.80 percent in the first quarter of 2017. This page provides - Armenia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2020.

Labor Force Participation Rate in Armenia is expected to be 62.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Armenia to stand at 61.70 in 12 months time. In the long-term, the Armenia Labor Force Participation Rate is projected to trend around 61.70 percent in 2021, according to our econometric models.

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Armenia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
56.60 60.10 65.90 54.80 2011 - 2019 percent Quarterly

Armenia Labour Last Previous Highest Lowest Unit
Unemployment Rate 19.80 17.10 21.10 6.30 percent [+]
Unemployed Persons 60.00 60.20 128.00 55.60 Thousand [+]
Labor Force Participation Rate 56.60 60.10 65.90 54.80 percent [+]
Wages 191991.00 182200.00 250029.00 99553.00 AMD/Month [+]
Minimum Wages 68000.00 55000.00 68000.00 5000.00 AMD/Month [+]
Population 2.97 2.97 3.63 1.87 Million [+]
Retirement Age Women 63.00 63.00 63.00 63.00 [+]
Retirement Age Men 63.00 63.00 63.00 63.00 [+]
Wages In Manufacturing 154326.00 167396.00 206380.00 102644.00 AMD/Month [+]
Employed Persons 913.00 898.00 1892.00 370.00 Thousand [+]


Armenia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.