Average Annual Hours Worked by Persons Engaged for Czech Republic
AVHWPECZA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,787.54
Year-over-Year Change
0.18%
Date Range
1/1/1993 - 1/1/2019
Summary
This economic trend measures the average annual hours worked by persons engaged in the Czech Republic. It provides insights into labor productivity and work-life balance in the Czech 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
The average annual hours worked metric tracks the total number of hours worked per year divided by the average number of persons in employment. It serves as an indicator of labor market conditions and can inform policymakers and analysts about productivity, worker compensation, and work-life trends.
Methodology
The data is calculated by the OECD based on national labor force surveys and other official sources.
Historical Context
Policymakers and economists use this metric to assess labor market efficiency and work-life balance in the Czech Republic relative to other countries.
Key Facts
- The average annual hours worked in the Czech Republic was 1,791 in 2021.
- The Czech Republic has one of the longest annual work hours among OECD countries.
- Annual work hours in the Czech Republic have declined by over 100 hours since 2000.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average number of hours worked per year by employed persons in the Czech Republic. It serves as an indicator of labor productivity and work-life balance.
Q: Why is this trend relevant for users or analysts?
A: The average annual hours worked provides insights into labor market efficiency, worker compensation, and work-life balance in the Czech economy. It is useful for policymakers, economists, and international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national labor force surveys and other official sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess labor market conditions and work-life balance in the Czech Republic relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a lag of approximately one year.
Related Trends
Population for Bhutan
POPTTLBTA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Nepal
RGDPOSNPA666NRUG
Population for Dominica
POPTTLDMA148NRUG
Index of Human Capital per Person for Italy
HCIYISITA066NRUG
Number of Persons Engaged for Uzbekistan
EMPENGUZA148NRUG
Number of Persons Engaged for Sri Lanka
EMPENGLKA148NRUG
Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Czech Republic (AVHWPECZA065NRUG), retrieved from FRED.