Number of Persons Engaged for Azerbaijan
EMPENGAZA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.03
Year-over-Year Change
19.86%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Number of Persons Engaged for Azerbaijan' measures the total number of individuals employed in the Azerbaijani economy. This key labor market indicator provides insight into the overall health and growth of the country's 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
This economic trend represents the total number of persons engaged in productive activities in Azerbaijan, including both employees and self-employed individuals. It is a widely-used metric for evaluating labor force participation and economic productivity.
Methodology
The data is collected through surveys of businesses and households by the State Statistical Committee of the Republic of Azerbaijan.
Historical Context
Policymakers and economists closely monitor this indicator to assess Azerbaijan's economic performance and guide fiscal and monetary policies.
Key Facts
- Azerbaijan is a major oil and gas producer in the Caspian region.
- The number of persons engaged in Azerbaijan has grown steadily since the early 2000s.
- This metric is a key input for calculating GDP and other macroeconomic indicators.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Azerbaijan' measures the total number of individuals employed in the Azerbaijani economy, including both employees and self-employed workers.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health and growth of Azerbaijan's economy by capturing labor force participation and productivity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the State Statistical Committee of the Republic of Azerbaijan.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess Azerbaijan's economic performance and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, though there may be occasional delays or revisions due to the complexity of data collection.
Related Trends
Output-side Real GDP at chained Purchasing Power Parities for Slovakia
RGDPOSSKA666NRUG
Index of Human Capital per Person for Madagascar
HCIYISMGA066NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Honduras
RGDPESHNA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Grenada
RGDPESGDA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Lesotho
RGDPESLSA666NRUG
Index of Human Capital per Person for Iceland
HCIYISISA066NRUG
Citation
U.S. Federal Reserve, Number of Persons Engaged for Azerbaijan (EMPENGAZA148NRUG), retrieved from FRED.