Average Annual Hours Worked by Persons Engaged for Armenia
AVHWPEAMA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,842.00
Year-over-Year Change
0.88%
Date Range
1/1/2009 - 1/1/2014
Summary
The 'Average Annual Hours Worked by Persons Engaged for Armenia' measures the average number of hours worked per year by individuals employed in Armenia. This key labor productivity metric is closely watched by economists and policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the average annual hours worked per employed person in Armenia. It provides insights into labor market dynamics, work-life balance, and potential productivity gains or constraints within the Armenian economy.
Methodology
The data is collected through labor force surveys and household interviews conducted by the statistical agencies of Armenia.
Historical Context
Policymakers and analysts use this metric to evaluate labor market efficiency and guide economic and social policies.
Key Facts
- Armenia's average annual work hours have declined over the past decade.
- Women in Armenia work fewer annual hours on average compared to men.
- Long work hours can negatively impact worker well-being and productivity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per year by individuals employed in Armenia. It is a key indicator of labor productivity and work-life balance.
Q: Why is this trend relevant for users or analysts?
A: This data is important for evaluating labor market dynamics, informing economic and social policies, and benchmarking Armenia's productivity against other countries.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys and household interviews conducted by the statistical agencies of Armenia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market efficiency and guide policies related to employment, work-life balance, and productivity enhancement.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in survey coverage or methodology, which should be considered when interpreting the trend.
Related Trends
Index of Human Capital per Person for Brunei Darussalam
HCIYISBNA066NRUG
Output-side Real GDP at chained Purchasing Power Parities for Portugal
RGDPOSPTA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Sudan
RGDPESSDA666NRUG
Number of Persons Engaged for Philippines
EMPENGPHA148NRUG
Number of Persons Engaged for Sweden
EMPENGSEA148NRUG
Index of Human Capital per Person for Lithuania
HCIYISLTA066NRUG
Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Armenia (AVHWPEAMA065NRUG), retrieved from FRED.