Armenia: Unemployment rate forecast

The latest value from 2030 is 12.3 percent, a decline from 12.4 percent in 2029. In comparison, the world average is 6.32 percent, based on data from 101 countries. Historically, the average for Armenia from 2001 to 2030 is 19.62 percent. The minimum value, 12.3 percent, was reached in 2030 while the maximum of 38.4 percent was recorded in 2001. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.