Unemployment rates: modeled vs. national estimates in Armenia

Armenia: Unemployment rates: modeled vs. national estimates was 8.3% in 2023. ◆ Volatile

Latest (2023)
8.3%
Change on year
up 0.4%
World rank
50th
of 185 countries
All-time high
36.0%
in 2001
All-time low
1.8%
in 1992
Years of data
28
1992–2023

Unemployment rates: modeled vs. national estimates in Armenia, 1992–2023

0102030401992200720231992: 1.8 %1993: 5.3 %1994: 6.6 %1995: 6.7 %1996: 9.3 %1997: 10.8 %1998: 9.4 %1999: 11.2 %2000: 11.7 %2001: 36 %2002: 10.8 %2007: 28.4 %2008: 23 %2009: 19.3 %2010: 19.5 %2011: 18.9 %2012: 17.5 %2013: 16.6 %2014: 17.5 %2015: 18.3 %2016: 17.6 %2017: 17.7 %2018: 10.6 %2019: 9.8 %2020: 8.1 %2021: 8.4 %2022: 8.3 %2023: 8.3 %

Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for unemployment rates: modeled vs. national estimates in Armenia is 8.3%, measured in 2023.

The figure is up 0.4% on the previous year and down 49.9% over ten years.

Over the whole period, unemployment rates: modeled vs. national estimates in Armenia peaked at 36.0% in 2001 and was at its lowest, 1.8%, in 1992.

That places Armenia 50th out of 185 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 7.6% 1.8% 11.2% 8
2000s 21.5% 10.8% 36.0% 6
2010s 16.4% 9.8% 19.5% 10
2020s 8.3% 8.1% 8.4% 4

Countries ranked near Armenia

  1. 47 Turkey 8.4% compare
  2. 48 Panama 8.3% compare
  3. 49 Turks and Caicos Islands 8.3% compare
  4. 51 Uruguay 8.2% compare
  5. 52 Georgia 8.0% compare
  6. 53 Suriname 7.9% compare

See the full ranking of 185 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is unemployment rates: modeled vs. national estimates in Armenia?
Unemployment rates: modeled vs. national estimates in Armenia was 8.3% in 2023, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rates: modeled vs. national estimates recorded in Armenia?
The highest recorded value was 36.0% in 2001.
What is the lowest unemployment rates: modeled vs. national estimates recorded in Armenia?
The lowest recorded value was 1.8% in 1992.
How does Armenia rank for unemployment rates: modeled vs. national estimates?
Armenia ranks 50th out of 185 countries with data for 2023.
Is unemployment rates: modeled vs. national estimates rising or falling in Armenia?
Over the last ten years it is down 49.9%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.

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About this data

Indicator
Unemployment rates: modeled vs. national estimates
Unit
%
Source
Labour Force Statistics, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
185 places, 5,169 data points, 1960–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.