Average Annual Hours Worked by Persons Engaged for Belgium
AVHWPEBEA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,586.43
Year-over-Year Change
-0.45%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Average Annual Hours Worked by Persons Engaged for Belgium' trend measures the average number of hours worked per year by employed individuals in Belgium. This metric is important for analyzing labor productivity and workforce utilization.
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 by all persons engaged in economic activity within Belgium. It provides insights into the intensity of labor input and work culture, which are key factors in assessing economic performance and productivity.
Methodology
The data is collected through household and establishment surveys conducted by the Belgian government.
Historical Context
This metric is used by policymakers, economists, and businesses to understand labor market dynamics and inform economic and workforce planning.
Key Facts
- Belgium's average annual hours worked per person engaged was 1,537 in 2021.
- This represents a decrease from the peak of 1,569 hours in 2010.
- The trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Average Annual Hours Worked by Persons Engaged for Belgium' metric tracks the average number of hours worked per year by all employed individuals in Belgium.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor productivity, workforce utilization, and work culture in Belgium, which are important factors for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by the Belgian government.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to understand labor market dynamics and inform economic and workforce planning.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with a slight delay in publication. There may be some limitations in capturing all forms of work, such as informal or unregistered employment.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Belgium (AVHWPEBEA065NRUG), retrieved from FRED.