ArmInfo. In 2019, the unemployment rate in Armenia decreased by 1.6%. So, according to the results of 2019, the average annual unemployment rate in the RA was 17.9%, compared to 20.5% in 2018 and 20.8% at the end of 2017.
Moreover, according to the data of the Statistical Committee of the Republic of Armenia, there is an increase in the level of employment in the country - from 45.2% (in 2018) to 46.8% (in 2019). According to the source, on January 1, 2020, the employed population reached 946.8 thousand people (with a y-o-y growth of 4.3%) or 46.8% of the economically active population, and 220.5 thousand people are unemployed as of the reporting date, which is 5.8% lower than the indicator a year ago.
It should be noted that the Central Bank expects an increase in the balanced level for unemployment, but it will still depend on the severity of measures taken by the RA government. And in the medium term, the Central Bank predicts an annual decline in unemployment by 0.8-1.2 percentage points, approaching at the end of the period to 17.3% (the same figure appears in the previous forecast).
