Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Hungary
LFWA64TTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,092,075.00
Year-over-Year Change
-8.99%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the total working-age population in Hungary, comprising individuals aged 15 to 64 years. It is a key indicator for economists and policymakers assessing labor force dynamics and potential economic growth.
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 total for Hungary, ages 15 to 64, is a fundamental labor statistic used to analyze the size and composition of the country's workforce. It provides crucial context for interpreting employment, labor force participation, and demographic trends.
Methodology
This data is collected and calculated by national statistical agencies based on census and labor force survey information.
Historical Context
Policymakers and analysts use this metric to inform workforce and economic development strategies.
Key Facts
- Hungary's working-age population totaled 6.7 million in 2021.
- This demographic accounts for approximately 67% of Hungary's total population.
- The working-age population has declined by 2.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population in Hungary aged 15 to 64 years, which represents the working-age demographic.
Q: Why is this trend relevant for users or analysts?
A: The size and dynamics of the working-age population are crucial for understanding labor force participation, potential economic growth, and policy priorities.
Q: How is this data collected or calculated?
A: The data is collected through national census and labor force surveys conducted by Hungary's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform workforce development, retirement, and economic growth strategies.
Q: Are there update delays or limitations?
A: This data is published on an annual basis, with potential lags of up to 12 months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Hungary (LFWA64TTHUA647S), retrieved from FRED.