Armenia Gross Minimum Monthly Wage - Forecast

Minimum Wages in Armenia is expected to be 55000.00 AMD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Gross Minimum Monthly Wage is projected to trend around 60000.00 AMD/Month in 2020, according to our econometric models.


Forecast Data Chart
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Armenia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 17.6 17 16.9 16.9 17 16.6
Unemployed Persons 67.8 68.2 68.1 67.9 66.72 67.6
Labor Force Participation Rate 60.7 60.9 61.3 60.8 61.2 61.7
Wages 169115 194000 210000 213000 215000 250000
Minimum Wages 55000 55000 55000 60000 60000 60000
Population 2.98 2.95 2.95 2.93 2.93 2.91
Retirement Age Women 63 63 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Wages In Manufacturing 161767 190000 210000 215000 221000 242000
Employed Persons 1149 888 853 870 890 975