Armenia Unemployment Rate - Forecast

Unemployment Rate in Armenia is expected to be 17.00 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 17.00 in 12 months time. In the long-term, the Armenia Unemployment Rate is projected to trend around 16.60 percent in 2020, according to our econometric models.


Forecast Data Chart
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Armenia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 17.6 16.9 16.9 17 17.1 16.6
Unemployed Persons 67 68.1 67.9 65.2 67.9 67.6
Labor Force Participation Rate 60.7 61.3 60.8 61.2 62.4 61.7
Wages 168467 210000 213000 215000 223000 250000
Minimum Wages 55000 55000 60000 60000 60000 60000
Population 2.98 2.95 2.93 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 160580 210000 215000 221000 229000 242000
Employed Persons 1309 853 870 890 915 975