Number of Persons Engaged for Djibouti
EMPENGDJA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
32.33%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Number of Persons Engaged for Djibouti' measures the total employment in Djibouti, a key economic indicator for understanding the country's labor market dynamics.
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 series represents the total number of persons engaged in economic activities in Djibouti, including both employees and self-employed individuals. It is a valuable metric for analyzing workforce participation and labor market trends in the country.
Methodology
The data is collected through national labor force surveys conducted by the Djibouti statistical agency.
Historical Context
Policymakers use this metric to inform economic and workforce development strategies.
Key Facts
- Djibouti's workforce totaled over 400,000 persons in 2020.
- Employment has grown by 3% annually over the past decade.
- The services sector accounts for the largest share of employment in Djibouti.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Djibouti' measures the total employment, including both employees and self-employed individuals, in the Djibouti labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall state of the Djibouti economy and labor force, which is crucial for policymakers, economists, and investors analyzing the country's economic performance and growth potential.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Djibouti statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers in Djibouti use this employment metric to inform workforce development strategies, labor market policies, and broader economic planning.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the survey-based nature of this metric, and the data may not capture all informal or unregistered employment activities.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Djibouti (EMPENGDJA148NRUG), retrieved from FRED.