Armenia Average Nominal Wages - Forecast

Wages in Armenia is expected to be 196000.00 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 200000.00 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 18 17.8 17.6 16.3 16 15.6
Unemployed Persons 68.4 68.06 67.78 67.66 67.62 67.58
Labor Force Participation Rate 60.9 61.51 61.52 61.52 61.52 61.52
Wages 163504 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 149967 167000 190000 210000 204000 242000
Employed Persons 874 824 827 828 827 828