Number of Persons Engaged for Guinea-Bissau
EMPENGGWA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.78
Year-over-Year Change
40.55%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Number of Persons Engaged' measures the total workforce in Guinea-Bissau, a key economic indicator for policymakers and analysts monitoring the country's labor market 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 series represents the total number of people engaged in economic activity in Guinea-Bissau, including both employees and self-employed individuals. It is an important metric for understanding the overall size and trends in the Guinean workforce and can provide insights into the health of the country's economy.
Methodology
The data is collected through household and business surveys conducted by the Guinean government's statistical agency.
Historical Context
This metric is used by economists, policymakers, and international institutions to assess Guinea-Bissau's economic performance and labor market conditions.
Key Facts
- Guinea-Bissau's workforce totaled over 800,000 in 2021.
- The 'Number of Persons Engaged' has grown by 2.5% annually over the past decade.
- This metric is a key input for monitoring Guinea-Bissau's economic development and growth.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged' measures the total workforce in Guinea-Bissau, including both employees and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall size and trends of Guinea-Bissau's labor market, which is crucial for assessing the country's economic performance and development.
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: Economists, policymakers, and international institutions use this metric to monitor Guinea-Bissau's economic activity and labor market conditions, which informs policy decisions and assessments.
Q: Are there update delays or limitations?
A: The data is published with a few months' delay, and there may be some discrepancies or gaps in coverage due to the challenges of data collection in Guinea-Bissau.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Guinea-Bissau (EMPENGGWA148NRUG), retrieved from FRED.