Average Annual Hours Worked by Persons Engaged for Viet Nam
AVHWPEVNA065NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,131.97
Year-over-Year Change
-4.87%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the average annual hours worked by persons engaged in Vietnam. It provides insights into labor productivity and the intensity of economic activity.
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 economic performance in Vietnam. It reflects the average number of hours worked per worker over the course of a year.
Methodology
The data is collected and calculated by the International Labour Organization (ILO).
Historical Context
This trend is used by economists and policymakers to assess labor market dynamics and productivity in the Vietnamese economy.
Key Facts
- Vietnam's average annual hours worked per person engaged was 2,041 in 2020.
- The trend has declined from a high of 2,252 hours in 2010.
- Vietnam's average is higher than the OECD average of around 1,700 hours per worker.
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 Vietnamese economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into labor productivity and the intensity of economic activity in Vietnam, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Labour Organization (ILO).
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess labor market dynamics and productivity in the Vietnamese economy.
Q: Are there update delays or limitations?
A: The data may have some update delays, as it is collected and published by the ILO.
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Citation
U.S. Federal Reserve, Average Annual Hours Worked by Persons Engaged for Viet Nam (AVHWPEVNA065NRUG), retrieved from FRED.