Average Annual Hours Worked by Persons Engaged for Taiwan Province of China
AVHWPETWA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,085.14
Year-over-Year Change
-2.32%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Average Annual Hours Worked by Persons Engaged for Taiwan Province of China' measures the average number of hours worked per year by individuals employed in Taiwan. This metric is important for economists and policymakers to assess labor market dynamics and productivity.
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 economic trend represents the average number of hours worked annually by people engaged in economic activity in Taiwan. It is a key indicator of labor utilization and can inform policy decisions related to employment, work-life balance, and economic growth.
Methodology
The data is collected through surveys of businesses and households in Taiwan.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to evaluate Taiwan's labor market and productivity.
Key Facts
- Taiwan's average annual hours worked per person engaged is approximately 2,100 hours.
- This metric has trended downward over the past decade, indicating increased work-life balance.
- Taiwan's average annual hours worked is higher than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per year by individuals engaged in economic activity in Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market dynamics, productivity, and work-life balance in Taiwan.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households in Taiwan.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to evaluate Taiwan's labor market and inform decisions related to employment, productivity, and economic growth.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the survey-based collection process.
Related Trends
Output-side Real GDP at chained Purchasing Power Parities for Mongolia
RGDPOSMNA666NRUG
Index of Human Capital per Person for Iceland
HCIYISISA066NRUG
Output-side Real GDP at chained Purchasing Power Parities for Norway
RGDPOSNOA666NRUG
Average Annual Hours Worked by Persons Engaged for Spain
AVHWPEESA065NRUG
Index of Human Capital per Person for Ethiopia
HCIYISETA066NRUG
Index of Human Capital per Person for Armenia
HCIYISAMA066NRUG
Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Taiwan Province of China (AVHWPETWA065NRUG), retrieved from FRED.