Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Ireland
LFWA64TTIEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,595,963.00
Year-over-Year Change
6.22%
Date Range
4/1/1999 - 1/1/2025
Summary
This economic indicator tracks the total working-age population in Ireland, defined as individuals aged 15 to 64 years old. It provides insights into the size and dynamics of the potential labor force, which is crucial for economists and policymakers analyzing labor market trends and 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 is a key measure of the potential labor supply in an economy. It represents the total number of individuals within the specified age range who are eligible to participate in the workforce, though not all may be actively employed or seeking work.
Methodology
This data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Historical Context
Policymakers and analysts use this metric to assess the broader demographic and labor market conditions that can impact economic performance and labor supply.
Key Facts
- Ireland's working-age population totaled 3.3 million in 2022.
- This age group accounts for over 65% of Ireland's total population.
- The working-age population has grown by 8% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of individuals aged 15 to 64 years old in Ireland, representing the working-age population and potential labor force.
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 market conditions, economic growth potential, and demographic trends in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Irish Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the broader demographic and labor market conditions that can impact economic performance and labor supply in Ireland.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with the latest figures typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Ireland (LFWA64TTIEQ647S), retrieved from FRED.