Number of Persons Engaged for Gambia
EMPENGGMA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
36.53%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Number of Persons Engaged for Gambia' measures the total employment in the Gambian economy, providing key insights into labor market conditions 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 indicator represents the total number of individuals engaged in productive activities across all sectors of the Gambian economy. It is a vital metric used by economists and policymakers to assess the overall health and growth of the country's labor market.
Methodology
The data is collected through surveys and census efforts conducted by the Gambian government's statistical agency.
Historical Context
This employment trend is closely monitored by the Central Bank of Gambia and international financial institutions to inform economic policy decisions.
Key Facts
- Gambia's total employment has grown by over 20% in the past decade.
- The services sector accounts for the largest share of employment in Gambia.
- Women make up approximately 45% of the Gambian workforce.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Gambia' measures the total employment across all sectors of the Gambian economy.
Q: Why is this trend relevant for users or analysts?
A: This employment indicator provides important insights into the overall health and growth of Gambia's labor market, which is crucial for economic policymaking and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys and census efforts conducted by the Gambian government's statistical agency.
Q: How is this trend used in economic policy?
A: This employment trend is closely monitored by the Central Bank of Gambia and international financial institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in publication and can be influenced by changes in survey methodologies or coverage.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Gambia (EMPENGGMA148NRUG), retrieved from FRED.