Labor Force Participation Rate for Armenia



Indicator Definition:
Labor force participation rate is the proportion of the population ages 15-64 that is economically active: all people who supply labor for the production of goods and services during a specified period.

The statistic "Labor Force Participation Rate" stands at 72.74 percent as of 12/31/2024, the lowest value since 12/31/2021.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.047 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.047.
The 3 year change in percentage points is -0.899.
The 5 year change in percentage points is -0.397.
The 10 year change in percentage points is 2.53.

The Serie's long term average value is 70.42 percent. It's latest available value, on 12/31/2024, is 2.32 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2008, to it's latest available value, on 12/31/2024, is +3.93.
The Serie's change in percentage points from it's maximum value, on 12/31/2021, to it's latest available value, on 12/31/2024, is -0.899.

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