Number of Persons Engaged for Guatemala
EMPENGGTA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.09
Year-over-Year Change
47.59%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Number of Persons Engaged for Guatemala' metric tracks the total number of individuals employed or self-employed in the Guatemalan economy. This statistic is a key indicator of labor market activity and overall economic health.
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 measures the total number of persons engaged in producing goods and services in Guatemala, including both employees and self-employed individuals. It provides insight into the scale and composition of the Guatemalan workforce and is used by economists and policymakers to assess labor market trends and broader economic conditions.
Methodology
The data is collected through national labor force surveys conducted by the Guatemalan government.
Historical Context
The 'Number of Persons Engaged' is closely monitored by the Central Bank of Guatemala and other institutions to inform macroeconomic policy decisions.
Key Facts
- Guatemala's total persons engaged peaked at 7.4 million in 2021.
- The services sector accounts for the largest share of persons engaged in Guatemala.
- Women make up around 40% of the total persons engaged in the Guatemalan economy.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Guatemala' metric tracks the total number of individuals employed or self-employed in the Guatemalan economy, providing insight into labor market activity and overall economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the scale and composition of the Guatemalan workforce, which is closely monitored by economists and policymakers to assess labor market trends and inform macroeconomic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Guatemalan government.
Q: How is this trend used in economic policy?
A: The 'Number of Persons Engaged' is closely tracked by the Central Bank of Guatemala and other institutions to inform macroeconomic policy decisions, such as monetary and fiscal policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the Guatemalan government's labor force surveys, which may result in occasional delays in data availability.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Guatemala (EMPENGGTA148NRUG), retrieved from FRED.