Number of Persons Engaged for Nepal
EMPENGNPA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.65
Year-over-Year Change
32.51%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Number of Persons Engaged for Nepal' metric tracks the total number of people actively employed or self-employed in Nepal's economy. This key labor market indicator provides insights into economic activity and growth.
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 individuals engaged in productive economic activities in Nepal, including both employees and self-employed workers. It is a important barometer of the overall health and dynamism of the Nepalese labor force and economy.
Methodology
The data is collected through household and establishment surveys conducted by Nepal's Central Bureau of Statistics.
Historical Context
Policymakers and analysts use this metric to assess labor market trends and evaluate the impacts of economic policies and external shocks.
Key Facts
- Nepal's total employment reached over 15 million as of the latest data.
- The services sector accounts for the largest share of Nepalese employment.
- Employment growth has slowed in recent years amid economic and political volatility.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Nepal' metric tracks the total number of people actively employed or self-employed in Nepal's economy.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insights into the overall health and dynamism of the Nepalese economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through household and establishment surveys conducted by Nepal's Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess labor market trends and evaluate the impacts of economic policies and external shocks on the Nepalese economy.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations due to the challenges of surveying a large, diverse economy like Nepal's.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Nepal (EMPENGNPA148NRUG), retrieved from FRED.