Armenia Unemployment Rate  Forecast


Unemployment Rate in Armenia is expected to be 16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Armenia to stand at 16.80 in 12 months time. In the long-term, the Armenia Unemployment Rate is projected to trend around 15.60 percent in 2020, according to our econometric models.


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Armenia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 17.8 16.5 17 16.8 16.8 15.6
Unemployed Persons 74.4 72.95 72.96 73.23 73.57 76.68
Labor Force Participation Rate 60.5 61.32 59.38 60.48 62.82 62.31
Wages 183643 183419 182998 182671 182351 179583
Minimum Wages 55000 65000 53780 53780 53780 75000
Population 3 3.01 3.01 3.01 3.02 3.05
Retirement Age Women 63 63 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Employed Persons 724 783 807 820 826 833
Wages In Manufacturing 197639 179842 179917 179459 178906 174174