Number of Persons Engaged for Gabon
EMPENGGAA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
53.09%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Number of Persons Engaged for Gabon' measures the total number of people actively employed in Gabon's economy. This key labor market indicator provides insights into the overall health and growth of the Gabonese 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 tracks the total number of persons engaged in productive economic activities in Gabon, including both employees and self-employed individuals. It is a important measure of labor utilization and can signal changes in economic output, productivity, and employment levels.
Methodology
The data is collected through household and business surveys conducted by the Gabonese government.
Historical Context
Economists and policymakers monitor this indicator to assess Gabon's macroeconomic performance and guide economic and labor market policies.
Key Facts
- Gabon's employment levels have grown steadily over the past decade.
- The services sector accounts for the largest share of persons engaged in Gabon.
- Employment trends in Gabon are closely tied to fluctuations in global commodity prices.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Gabon' measures the total number of people actively employed in Gabon's economy, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the overall health and growth of the Gabonese economy, and is closely monitored by economists and policymakers to assess labor market conditions and guide economic policies.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the Gabonese government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess Gabon's macroeconomic performance and inform economic and labor market policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential sampling or methodological limitations inherent in survey-based labor force data.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Gabon (EMPENGGAA148NRUG), retrieved from FRED.