Labor Force Participation Rate in Armenia increased to 57.60 percent in the second quarter of 2020 from 56.10 percent in the first quarter of 2020.

Labor Force Participation Rate in Armenia averaged 60.68 percent from 2011 until 2020, reaching an all time high of 65.90 percent in the third quarter of 2011 and a record low of 54.80 percent in the first quarter of 2017. This page provides - Armenia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Labor Force Participation Rate - values, historical data and charts - was last updated on October of 2020.

Labor Force Participation Rate in Armenia is expected to be 61.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Armenia to stand at 61.70 in 12 months time. In the long-term, the Armenia Labor Force Participation Rate is projected to trend around 61.70 percent in 2021, according to our econometric models.

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Armenia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
57.60 56.10 65.90 54.80 2011 - 2020 percent Quarterly

Armenia Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.50 19.80 21.10 6.30 percent [+]
Unemployed Persons 60.10 60.00 128.00 55.60 Thousand [+]
Labor Force Participation Rate 57.60 56.10 65.90 54.80 percent [+]
Wages 185991.00 191991.00 250029.00 99553.00 AMD/Month [+]
Minimum Wages 68000.00 55000.00 68000.00 5000.00 AMD/Month [+]
Population 2.97 2.97 3.63 1.87 Million [+]
Retirement Age Women 63.00 63.00 63.00 63.00 [+]
Retirement Age Men 63.00 63.00 63.00 63.00 [+]
Wages In Manufacturing 162721.00 154326.00 206380.00 102644.00 AMD/Month [+]
Employed Persons 904.00 913.00 1892.00 370.00 Thousand [+]


Armenia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.