Average Annual Hours Worked by Persons Engaged for Uruguay
AVHWPEUYA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,532.51
Year-over-Year Change
-4.73%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the average annual hours worked by persons engaged in Uruguay. It provides insights into labor productivity and work-life balance in the Uruguayan 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 engaged in the Uruguayan workforce. It is a key indicator of labor market efficiency and work culture.
Methodology
The data is collected through household and establishment surveys conducted by the Uruguayan statistical agency.
Historical Context
This trend is used by policymakers and economists to evaluate labor market dynamics and inform workforce policies.
Key Facts
- Uruguay's average annual hours worked per person is around 2,000 hours.
- The trend has remained relatively stable over the past decade.
- Compared to OECD countries, Uruguay has a higher average annual work hours.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per year by persons engaged in the Uruguayan economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity, work-life balance, and cultural norms around work in Uruguay.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by the Uruguayan statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate labor market dynamics and inform workforce policies in Uruguay.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture all aspects of labor force participation.
Related Trends
Expenditure-side Real GDP at Chained Purchasing Power Parities for Sri Lanka
RGDPESLKA666NRUG
Population for Panama
POPTTLPAA148NRUG
Number of Persons Engaged for Spain
EMPENGESA148NRUG
Output-side Real GDP at chained Purchasing Power Parities for Japan
RGDPOSJPA666NRUG
Population for Iraq
POPTTLIQA148NRUG
Index of Human Capital per Person for Republic of Moldova
HCIYISMDA066NRUG
Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Uruguay (AVHWPEUYA065NRUG), retrieved from FRED.