Number of Persons Engaged for Bahrain
EMPENGBHA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
52.84%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Number of Persons Engaged for Bahrain' metric tracks the total number of persons engaged in the Bahraini economy across all sectors. This indicator provides valuable insights into the overall level of economic activity and labor force utilization in the country.
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 'Number of Persons Engaged' represents the total number of individuals involved in productive economic activities in Bahrain, including employees, self-employed workers, and unpaid family members. This metric is widely used by economists and policymakers to analyze labor market trends and assess the health of the Bahraini economy.
Methodology
The data is collected through surveys and compiled by the Bahraini government's statistical agency.
Historical Context
This economic indicator is closely monitored by the Central Bank of Bahrain and other government agencies to inform macroeconomic policy decisions.
Key Facts
- Bahrain's 'Number of Persons Engaged' reached a record high in 2021.
- The services sector accounts for the largest share of total employment in Bahrain.
- The COVID-19 pandemic led to a temporary decline in the 'Number of Persons Engaged' in Bahrain.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Bahrain' metric tracks the total number of individuals involved in productive economic activities in the country, including employees, self-employed workers, and unpaid family members.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the overall level of economic activity and labor force utilization in Bahrain, which is crucial for economists and policymakers to assess the health of the Bahraini economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the Bahraini government's statistical agency.
Q: How is this trend used in economic policy?
A: The 'Number of Persons Engaged' is closely monitored by the Central Bank of Bahrain and other government agencies to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Bahrain (EMPENGBHA148NRUG), retrieved from FRED.