Number of Persons Engaged for Guinea
EMPENGGNA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.68
Year-over-Year Change
38.02%
Date Range
1/1/1980 - 1/1/2019
Summary
This economic indicator tracks the number of persons engaged in Guinea's economy, providing insights into the country's labor market dynamics and overall 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
The Number of Persons Engaged for Guinea is a key labor market statistic that measures the total number of individuals employed, including both employees and self-employed workers, across all sectors of the Guinean economy. This metric is widely used by economists and policymakers to assess the health and growth of the labor force.
Methodology
The data is collected through household and business surveys conducted by the Guinean government's statistical agency.
Historical Context
Trends in the number of persons engaged are closely monitored by international organizations, investors, and policymakers to evaluate Guinea's economic performance and inform policy decisions.
Key Facts
- Guinea is a West African country with a population of over 13 million.
- The number of persons engaged in Guinea's economy has grown by 25% over the past decade.
- Agriculture is the largest employer, accounting for over 70% of total employment.
FAQs
Q: What does this economic trend measure?
A: The Number of Persons Engaged for Guinea measures the total number of individuals employed, both as employees and self-employed, across all sectors of the Guinean economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and growth of Guinea's labor market, which is crucial for evaluating the country's overall economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the Guinean government's statistical agency.
Q: How is this trend used in economic policy?
A: Trends in the number of persons engaged are closely monitored by international organizations, investors, and policymakers to assess Guinea's economic growth and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 3-6 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Guinea (EMPENGGNA148NRUG), retrieved from FRED.