Armenia Average Nominal Wages - Forecast

Wages in Armenia is expected to be 194000.00 AMD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Armenia to stand at 170444.87 in 12 months time. In the long-term, the Armenia Average Nominal Wages is projected to trend around 290000.00 AMD/Month in 2020, according to our econometric models.


Armenia Average Nominal Wages
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Armenia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 18 17.6 16.3 16 16 15.6
Unemployed Persons 68.6 68.15 68.06 68.01 68 67.99
Labor Force Participation Rate 60.9 61.52 61.52 61.52 61.52 61.52
Wages 167314 194000 260000 200000 170445 290000
Minimum Wages 55000 60000 60000 60000 55002 65000
Population 2.98 2.95 2.95 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 151369 190000 210000 204000 155683 242000
Employed Persons 929 858 853 854 854 854