Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Portugal
LFWA24TTPTA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,082,375.00
Year-over-Year Change
-4.25%
Date Range
1/1/1998 - 1/1/2024
Summary
This trend measures the total working-age population aged 15 to 24 years in Portugal. It provides key insights into labor force dynamics and demographics for policymakers and economists.
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 aged 15 to 24 years is a crucial indicator of a country's labor market potential and future workforce. This data series tracks the size and composition of this demographic segment over time, informing decision-making around employment, education, and economic planning.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies.
Historical Context
This metric is widely used by policymakers, labor market analysts, and economic forecasters to assess labor supply, skill availability, and development trends.
Key Facts
- The working-age population aged 15-24 in Portugal was 1.08 million in 2021.
- This age group accounted for 10.4% of Portugal's total population in 2021.
- Portugal's 15-24 working-age population has declined by 6.5% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population aged 15 to 24 years in Portugal. It provides insights into the size and composition of this key labor force demographic.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers, labor market analysts, and economic forecasters to assess labor supply, skill availability, and demographic trends in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies in Portugal.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform decision-making around employment, education, and economic planning policies in Portugal.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and the data release. The accuracy of the estimates can also be influenced by sampling and survey methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Portugal (LFWA24TTPTA647N), retrieved from FRED.