Average Annual Hours Worked by Persons Engaged for Thailand
AVHWPETHA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,092.99
Year-over-Year Change
-10.16%
Date Range
1/1/1970 - 1/1/2019
Summary
The Average Annual Hours Worked by Persons Engaged for Thailand measures the average number of hours worked per year by individuals employed in the Thai economy. This metric is important for economists and policymakers to understand labor market dynamics and productivity trends.
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 represents the average number of hours worked annually by Thai workers, including both full-time and part-time employees across all sectors of the economy. It provides insight into labor utilization and can be used to analyze productivity, work-life balance, and other labor market conditions.
Methodology
The data is collected and calculated by Thailand's National Statistical Office based on labor force surveys.
Historical Context
Policymakers and analysts use this metric to inform economic and labor policies aimed at promoting employment, productivity, and work-life balance.
Key Facts
- Thailand's average annual hours worked per person engaged was 2,134 in 2021.
- Thailand's average annual hours worked has declined from over 2,300 hours in the early 2000s.
- Thailand has one of the highest average annual hours worked among ASEAN countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per year by individuals employed in the Thai economy, including both full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor utilization and productivity in Thailand, which is important for economists and policymakers to understand labor market dynamics and inform economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Thailand's National Statistical Office based on labor force surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and labor policies aimed at promoting employment, productivity, and work-life balance in Thailand.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the most recent data, and the accuracy of the metric may be influenced by the sample size and survey methodology used by the National Statistical Office.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Thailand (AVHWPETHA065NRUG), retrieved from FRED.