Number of Persons Engaged for Montenegro
EMPENGMEA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
14.62%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Number of Persons Engaged for Montenegro' measures the total number of individuals employed in economic activities across Montenegro. This metric is a key indicator of labor market conditions and economic performance.
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 tracks the total number of people engaged in producing goods and services in Montenegro, including both employees and self-employed individuals. It provides insight into the overall size and trends of the Montenegrin workforce and is used by economists and policymakers to assess the health of the country's economy.
Methodology
The data is collected through labor force surveys conducted by the Statistical Office of Montenegro.
Historical Context
Trends in the number of persons engaged are closely monitored by the government, central bank, and international organizations to inform economic and labor market policies.
Key Facts
- Montenegro is a small country in Southeastern Europe with a population of around 620,000.
- The number of persons engaged in Montenegro has steadily increased over the past decade.
- The services sector accounts for the largest share of employment in Montenegro.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Montenegro' measures the total number of individuals employed in economic activities across the country, including both employees and self-employed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall size and trends of the Montenegrin workforce, which is a key indicator of the health and performance of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through labor force surveys conducted by the Statistical Office of Montenegro.
Q: How is this trend used in economic policy?
A: Trends in the number of persons engaged are closely monitored by the government, central bank, and international organizations to inform economic and labor market policies in Montenegro.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Montenegro (EMPENGMEA148NRUG), retrieved from FRED.