Armenia Unemployment Rate - Forecast

Unemployment Rate in Armenia is expected to be 16.80 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 18.10 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.


Armenia Unemployment Rate
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Armenia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 18 17.8 17.6 16.3 16 15.6
Unemployed Persons 68.9 69.28 69.44 69.53 69.56 69.58
Labor Force Participation Rate 60.9 61.51 61.52 61.52 61.52 61.52
Wages 167314 196000 194000 260000 200000 290000
Minimum Wages 55000 55000 60000 60000 60000 65000
Population 2.98 2.96 2.96 2.95 2.94 2.89
Retirement Age Women 63 63 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Wages In Manufacturing 153066 167000 190000 210000 204000 242000
Employed Persons 929 828 843 841 841 841