Average Annual Hours Worked by Persons Engaged for Bulgaria
AVHWPEBGA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,645.25
Year-over-Year Change
-0.56%
Date Range
1/1/1995 - 1/1/2019
Summary
The Average Annual Hours Worked by Persons Engaged for Bulgaria is an economic indicator that measures the average number of hours worked per year by individuals employed in the Bulgarian 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 trend provides insights into labor productivity and utilization in Bulgaria. It is a useful metric for comparing work patterns across countries and over time, and can inform policy decisions related to labor markets and economic growth.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
Economists and policymakers monitor this trend to assess the efficiency and competitiveness of the Bulgarian labor market.
Key Facts
- Bulgaria's average annual hours worked per person engaged was 1,706 in 2021.
- The average annual hours worked in Bulgaria is lower than the OECD average of 1,719 hours.
- Bulgaria's average annual hours worked have decreased by 4.5% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Average Annual Hours Worked by Persons Engaged for Bulgaria measures the average number of hours worked per year by individuals employed in the Bulgarian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor productivity and utilization in Bulgaria, which is useful for comparing work patterns across countries and informing policy decisions related to labor markets and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the efficiency and competitiveness of the Bulgarian labor market.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations in terms of coverage or methodological changes over time.
Related Trends
Population for Mozambique
POPTTLMZA148NRUG
Average Annual Hours Worked by Persons Engaged for Chile
AVHWPECLA065NRUG
Output-side Real GDP at chained Purchasing Power Parities for Hungary
RGDPOSHUA666NRUG
Number of Persons Engaged for Guinea-Bissau
EMPENGGWA148NRUG
Population for Mauritius
POPTTLMUA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Gambia
RGDPOSGMA666NRUG
Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Bulgaria (AVHWPEBGA065NRUG), retrieved from FRED.