Unemployment Rate in Armenia increased to 16.90 percent in the fourth quarter of 2018 from 15.30 percent in the third quarter of 2018. Unemployment Rate in Armenia averaged 12.15 percent from 1998 until 2018, reaching an all time high of 20.70 percent in the first quarter of 2011 and a record low of 6.30 percent in the first quarter of 2008.
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 16.90 in 12 months time. In the long-term, the Armenia Unemployment Rate is projected to trend around 14.10 percent in 2020, according to our econometric models.