Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Slovak Republic
LFWA55TTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
678,069.90
Year-over-Year Change
-3.09%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total working-age population in Slovakia aged 55 to 64 years old. It provides insights into labor force dynamics and demographic trends within this key age group.
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 Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Slovak Republic metric tracks the size of the population in Slovakia between the ages of 55 and 64. This data is used by economists and policymakers to analyze labor force participation, retirement patterns, and workforce aging trends.
Methodology
The data is collected through household and labor force surveys conducted by the national statistical agency.
Historical Context
This trend informs economic and social policies related to aging, employment, and social security programs.
Key Facts
- The 55-64 age group accounts for 20% of Slovakia's working-age population.
- Labor force participation for this age group has increased by 5% over the past decade.
- Policies aimed at extending working lives are a focus for Slovak policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population in Slovakia aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into labor force dynamics and demographic trends within this key age group, informing economic and social policies related to aging, employment, and social security programs.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the national statistical agency.
Q: How is this trend used in economic policy?
A: This trend informs policies related to aging, employment, and social security programs in Slovakia.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential for delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Slovak Republic (LFWA55TTSKQ647S), retrieved from FRED.