LU3: Combined rate of unemployment and potential labour force in Armenia
Armenia: LU3: Combined rate of unemployment and potential labour force was 20.51 in 2024. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in Armenia, 2018–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu3: combined rate of unemployment and potential labour force in Armenia is 20.51, measured in 2024.
Compared with earlier readings it is up 2.1% on the previous year and down 33.6% over ten years.
Armenia ranks 7th of 63 countries on this measure, in the top 10%.
LU3: Combined rate of unemployment and potential labour force in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 30.91 | — |
| 2019 | 28.99 | -6.2% |
| 2020 | 28.62 | -1.3% |
| 2021 | 24.9 | -13.0% |
| 2022 | 21.97 | -11.8% |
| 2023 | 20.1 | -8.5% |
| 2024 | 20.51 | +2.1% |
Armenia compared with similar countries
- Armenia's 20.51 is above the median for upper middle income countries, which is 10.99, 1.9× the median. (10 countries reporting)
- Armenia's 20.51 is above the median for Europe & Central Asia, which is 8.47, 2.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 29.95 | 28.99 | 30.91 | 2 |
| 2020s | 23.22 | 20.1 | 28.62 | 5 |
Countries ranked near Armenia
More work & labour data for Armenia
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.7088 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6966 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.721 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -2.13 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.0634 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 2,005 1000 No (2050)
- Population - Est. & Proj. — Rural population 695.21 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 854.22 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 837.98 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 1,692 1000 No (2100)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in Armenia?
- Lu3: combined rate of unemployment and potential labour force in Armenia was 20.51 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Armenia?
- The highest recorded value was 30.91 in 2018.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Armenia?
- The lowest recorded value was 20.1 in 2023.
- How does Armenia rank for lu3: combined rate of unemployment and potential labour force?
- Armenia ranks 7th out of 63 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Armenia?
- Over the last ten years it is down 33.6%. The long-run trend across the full record is falling.
- Where does this Armenia data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.
Download this data
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series includes only countries for which the 19th ICLS definitions are applied. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.