Average Annual Hours Worked by Persons Engaged for Poland
AVHWPEPLA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,022.63
Year-over-Year Change
-2.65%
Date Range
1/1/1995 - 1/1/2019
Summary
This trend measures the average annual hours worked by persons engaged in Poland's economy. It provides insights into labor productivity and labor market dynamics.
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 by persons engaged is a key indicator of labor market conditions and productivity in Poland. It tracks the total number of hours worked divided by the average number of persons engaged in the economy.
Methodology
The data is collected through labor force surveys and national accounts by the Polish statistical agency.
Historical Context
This trend is used by policymakers, economists, and businesses to assess labor market efficiency and inform economic policy decisions.
Key Facts
- Poland's average annual hours worked per person has declined over the past decade.
- The trend reflects increasing labor productivity and a shift towards a more balanced work-life culture.
- Hours worked data is a key input for calculating GDP per hour worked, a measure of labor productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual hours worked by persons engaged in Poland's economy, providing insights into labor productivity and labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and businesses as it helps assess labor market efficiency and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys and national accounts by the Polish statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess labor market conditions and inform economic policy decisions in Poland.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Poland (AVHWPEPLA065NRUG), retrieved from FRED.