Account, out of labor force in Armenia

Armenia: Account, out of labor force was 64.1% in 2024. β—† Volatile

Latest (2024)
64.1%
Change on year
up 58.4%
World rank
55th
of 98 countries
All-time high
64.1%
in 2024
All-time low
6.9%
in 2014
Years of data
5
2011–2024

Account, out of labor force in Armenia, 2011–2024

02040602011201720242011: 11.6 % age 15+2014: 6.9 % age 15+2017: 35.1 % age 15+2021: 40.5 % age 15+2024: 64.1 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

In 2024, account, out of labor force in Armenia stood at 64.1%. That is the highest value across all 5 years on record.

That represents a change of up 58.4% on the previous year and up 831.3% over ten years.

Over the whole period, account, out of labor force in Armenia peaked at 64.1% in 2024 and was at its lowest, 6.9%, in 2014.

That places Armenia 55th out of 98 countries with data for 2024, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 17.9% 6.9% 35.1% 3
2020s 52.3% 40.5% 64.1% 2

Countries ranked near Armenia

  1. 52 Poland 67.8% compare
  2. 53 Ghana 67.2% compare
  3. 54 Serbia 67.0% compare
  4. 56 Zambia 63.8% compare
  5. 57 Bosnia and Herzegovina 61.6% compare
  6. 58 Uruguay 61.5% compare

See the full ranking of 110 places β†’

More reference data data for Armenia

All data for Armenia β†’

Frequently asked questions

What is account, out of labor force in Armenia?
Account, out of labor force in Armenia was 64.1% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Armenia?
The highest recorded value was 64.1% in 2024.
What is the lowest account, out of labor force recorded in Armenia?
The lowest recorded value was 6.9% in 2014.
How does Armenia rank for account, out of labor force?
Armenia ranks 55th out of 98 countries with data for 2024.
Is account, out of labor force rising or falling in Armenia?
Over the last ten years it is up 831.3%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Global Findex database, published as part of Account, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, out of labor force in Armenia. Statizoid, drawing on Global Findex database. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/account-out-of-labor-force-percent-age-15/armenia/

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About this data

Indicator
Account, out of labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), out of labor force (% age 15+)