Average Annual Hours Worked by Persons Engaged for Argentina
AVHWPEARA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,609.07
Year-over-Year Change
-9.98%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Average Annual Hours Worked by Persons Engaged for Argentina' is an economic indicator that measures the average number of hours worked per year by individuals employed in Argentina. It provides insights into labor productivity and work-life balance in the Argentine economy.
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 metric tracks the average annual hours worked by all persons engaged in economic activity in Argentina, including both employees and self-employed individuals. It is a key statistic used by economists and policymakers to analyze labor market trends and productivity levels within the Argentine economy.
Methodology
The data is collected through household and labor force surveys conducted by the Argentine government.
Historical Context
This trend is widely referenced by economists, market analysts, and policymakers to assess the efficiency and competitiveness of the Argentine labor market.
Key Facts
- Argentina's average annual hours worked per person is 1,854 hours.
- This figure has declined by 2.3% over the past decade.
- Argentina has one of the highest average annual work hours among OECD countries.
FAQs
Q: What does this economic trend measure?
A: The 'Average Annual Hours Worked by Persons Engaged for Argentina' measures the average number of hours worked per year by all individuals employed in the Argentine economy, including both employees and self-employed workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into labor productivity, work-life balance, and competitiveness of the Argentine labor market, making it a key statistic for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Argentine government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the efficiency and competitiveness of the Argentine labor market, and to inform decisions related to labor regulations, productivity-enhancing initiatives, and work-life balance policies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately 6 months, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Argentina (AVHWPEARA065NRUG), retrieved from FRED.