Number of Persons Engaged for Burundi
EMPENGBIA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
48.06%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Number of Persons Engaged for Burundi' tracks the total employment in Burundi, providing valuable insights into the country's labor market and 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
This economic trend represents the total number of persons engaged in productive activities in Burundi, including employees, self-employed individuals, and unpaid family workers. It is a key indicator of the overall size and composition of the Burundian workforce.
Methodology
The data is collected through household and establishment surveys conducted by the Burundi National Institute of Statistics.
Historical Context
This metric is used by policymakers, economists, and international organizations to monitor and analyze Burundi's labor market dynamics and economic performance.
Key Facts
- Burundi has a population of over 11 million people.
- The service sector accounts for the largest share of employment in Burundi.
- Agriculture remains a significant employer, with many Burundians engaged in subsistence farming.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Burundi' measures the total number of individuals engaged in productive economic activities in Burundi, including employees, self-employed workers, and unpaid family laborers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the size and composition of Burundi's labor force, which is crucial for understanding the country's economic performance, labor market dynamics, and development challenges.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by the Burundi National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and international organizations use this metric to monitor and analyze Burundi's labor market and inform policies aimed at promoting employment, economic growth, and development.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data, as it depends on the frequency of the underlying surveys conducted by the Burundi National Institute of Statistics.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Burundi (EMPENGBIA148NRUG), retrieved from FRED.