Unemployment Rate in Armenia decreased to 17.50 percent in the second quarter of 2020 from 19.80 percent in the first quarter of 2020.

Unemployment Rate in Armenia averaged 12.73 percent from 1998 until 2020, reaching an all time high of 21.10 percent in the first quarter of 2019 and a record low of 6.30 percent in the first quarter of 2008. This page provides the latest reported value for - Armenia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Armenia is expected to be 22.00 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 22.00 in 12 months time. In the long-term, the Armenia Unemployment Rate is projected to trend around 21.70 percent in 2021 and 17.50 percent in 2022, according to our econometric models.

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Armenia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
17.50 19.80 21.10 6.30 1998 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-02-25 08:00 AM Q3 18.0% 17.7% 17.5%
2020-04-06 11:00 AM Q4 17.9% 18.0% 17.70%
2020-07-06 09:20 AM Q1 19.8% 17.1% 18.8%
2020-10-05 11:00 AM Q2 17.5% 19.8% 19.5%
2020-12-30 11:00 AM Q3 17.5% 21.3%

Armenia Unemployment Rate
In Armenia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.