Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for G7
G7LFWA64TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
486,459,800.00
Year-over-Year Change
1.75%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the total working-age population between 15 and 64 years old across the G7 countries. It provides key insights into the size and composition of the labor force, which is crucial for policymakers and economists analyzing economic growth and demographic trends.
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 G7 working-age population total represents the number of people aged 15 to 64 living in the G7 countries, which include the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada. This metric is widely used to understand the underlying labor supply and potential for economic expansion.
Methodology
The data is collected and aggregated by national statistical agencies and compiled by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
Policymakers and economists closely monitor this trend to assess the size and dynamics of the labor force, which informs decisions on employment, social programs, and economic policies.
Key Facts
- The G7 working-age population totaled over 600 million in 2021.
- This metric has declined in recent years due to aging populations in G7 countries.
- Changes in the working-age population can impact economic productivity and social welfare programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population between 15 and 64 years old across the G7 countries, which include the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada.
Q: Why is this trend relevant for users or analysts?
A: The size and dynamics of the working-age population provide crucial insights into the labor force and potential for economic growth, which are essential for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by national statistical agencies and compiled by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the size and dynamics of the labor force, which informs decisions on employment, social programs, and economic policies.
Q: Are there update delays or limitations?
A: The data is updated on an intra-annual basis, but there may be some delays in reporting from national statistical agencies.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for G7 (G7LFWA64TTSTSAQ), retrieved from FRED.