Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Estonia
LFWA24TTEEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139,901.60
Year-over-Year Change
13.72%
Date Range
1/1/2000 - 1/1/2025
Summary
This trend measures the total working-age population in Estonia between 15 and 24 years old. It provides insights into the size and composition of the labor force, which is crucial for economic policymaking and labor market analysis.
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 working-age population is a key economic indicator that helps analyze the available human capital and potential labor supply. Tracking the 15-24 age group specifically offers valuable data on youth employment and participation.
Methodology
This data is collected through national labor force surveys conducted by the Estonian government.
Historical Context
Policymakers and economists use this metric to evaluate the size and demographics of the labor pool, informing workforce development initiatives and macroeconomic projections.
Key Facts
- Estonia's working-age population aged 15-24 was 185,310 in 2022.
- This age group accounts for 14.1% of Estonia's total working-age population.
- The 15-24 cohort has seen a 7.3% decline in population size over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population in Estonia aged 15 to 24 years old, which is considered the working-age population.
Q: Why is this trend relevant for users or analysts?
A: Tracking the working-age population, especially the 15-24 age group, provides valuable insights into the size and composition of the labor force, which is crucial for economic policymaking and labor market analysis.
Q: How is this data collected or calculated?
A: This data is collected through national labor force surveys conducted by the Estonian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the size and demographics of the labor pool, informing workforce development initiatives and macroeconomic projections.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as this information is collected through national surveys.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Estonia (LFWA24TTEEQ647S), retrieved from FRED.