Unemployment Rate in Armenia decreased to 17.70 percent in the second quarter of 2019 from 21.90 percent in the first quarter of 2019. Unemployment Rate in Armenia averaged 12.41 percent from 1998 until 2019, reaching an all time high of 21.90 percent in the first quarter of 2019 and a record low of 6.30 percent in the first quarter of 2008.
Unemployment Rate in Armenia is expected to be 17.70 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 17.50 in 12 months time. In the long-term, the Armenia Unemployment Rate is projected to trend around 17.50 percent in 2020, according to our econometric models.