Labor share of gdp in Armenia

Armenia: Labor share of gdp was 54.2 in 2020. β–Ό Falling

Latest (2020)
54.2
Change on year
up 4.8%
World rank
52nd
of 186 countries
All-time high
59.3
in 2004
All-time low
51.4
in 2018
Years of data
17
2004–2020

Labor share of gdp in Armenia, 2004–2020

02040602004201220202004: 59.32005: 58.92006: 58.22007: 572008: 55.82009: 572010: 55.42011: 54.72012: 53.42013: 52.62014: 52.32015: 52.82016: 53.62017: 52.62018: 51.42019: 51.72020: 54.2

Source: Our World in Data.

Analysis

Armenia recorded 54.2 for labor share of gdp in 2020.

Compared with earlier readings it is up 4.8% on the previous year and down 2.2% over ten years.

Over the whole period, labor share of gdp in Armenia peaked at 59.3 in 2004 and was at its lowest, 51.4, in 2018.

That places Armenia 52nd out of 186 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 57.7 55.8 59.3 6
2010s 53.05 51.4 55.4 10
2020s 54.2 54.2 54.2 1

Countries ranked near Armenia

  1. 49 Malta 54.7 compare
  2. 50 Namibia 54.5 compare
  3. 51 Russia 54.3 compare
  4. 52 El Salvador 54.2 compare
  5. 52 New Zealand 54.2 compare
  6. 52 Slovakia 54.2 compare

See the full ranking of 186 places β†’

More work & labour data for Armenia

All data for Armenia β†’

Frequently asked questions

What is labor share of gdp in Armenia?
Labor share of gdp in Armenia was 54.2 in 2020, according to Our World in Data.
What is the highest labor share of gdp recorded in Armenia?
The highest recorded value was 59.3 in 2004.
What is the lowest labor share of gdp recorded in Armenia?
The lowest recorded value was 51.4 in 2018.
How does Armenia rank for labor share of gdp?
Armenia ranks 52nd out of 186 countries with data for 2020.
Is labor share of gdp rising or falling in Armenia?
Over the last ten years it is down 2.2%. The long-run trend across the full record is falling.
Where does this Armenia data come from?
The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.

Download this data

CSV Β· JSON β€” 17 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Labor share of gdp
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 3,162 data points, 2004–2020
Last refreshed