Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Austria
LFWA64TTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,930,013.00
Year-over-Year Change
1.04%
Date Range
1/1/1999 - 1/1/2025
Summary
The Working-Age Population Total: From 15 to 64 Years for Austria measures the size of the Austrian population within the prime working-age range. This statistic is a key demographic indicator used by economists and policymakers to analyze labor market dynamics and workforce 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
This economic trend represents the total number of Austrians aged 15 to 64 years old, which is typically considered the prime working-age population. It is a vital data point for understanding the size and composition of the Austrian labor force and informing workforce-related policies.
Methodology
The data is collected through national household surveys and census efforts conducted by Statistics Austria.
Historical Context
Policymakers and labor market analysts closely monitor this metric to gauge the potential size of the active workforce and identify demographic shifts that may impact economic growth and social programs.
Key Facts
- The working-age population in Austria totaled 5.6 million in 2021.
- Austria's working-age population has increased by 4.5% over the past decade.
- Individuals aged 15-64 make up 66.5% of Austria's total population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of Austrians aged 15 to 64 years old, which is typically considered the prime working-age population.
Q: Why is this trend relevant for users or analysts?
A: This metric is vital for understanding the size and composition of the Austrian labor force, informing workforce-related policies, and analyzing demographic shifts that may impact economic growth.
Q: How is this data collected or calculated?
A: The data is collected through national household surveys and census efforts conducted by Statistics Austria.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts closely monitor this metric to gauge the potential size of the active workforce and identify demographic shifts that may impact economic growth and social programs.
Q: Are there update delays or limitations?
A: The data is updated on an intra-annual basis, with the latest figures typically published within a few months of the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Austria (LFWA64TTATQ647S), retrieved from FRED.