Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Luxembourg
LFWA64TTLUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
464,673.00
Year-over-Year Change
6.60%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic trend measures the total working-age population in Luxembourg, specifically those aged 15 to 64 years. It provides important insights into the size and composition of the labor force, which is crucial for economic planning and policy decisions.
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 is a key indicator of a country's economic potential and labor market dynamics. This data series from the U.S. Federal Reserve tracks the total number of individuals in Luxembourg within the 15-to-64-year-old age range, which is typically considered the prime working-age population.
Methodology
The data is collected through national labor force surveys conducted by the statistical agency of Luxembourg.
Historical Context
Policymakers and economists use this trend to analyze labor market conditions, workforce availability, and demographic shifts that could impact economic growth and development.
Key Facts
- Luxembourg's working-age population totaled 393,700 in 2021.
- The working-age population accounts for 62% of Luxembourg's total population.
- This trend has shown steady growth over the past decade, reflecting Luxembourg's economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population in Luxembourg, specifically those aged 15 to 64 years. It provides insights into the size and composition of the labor force.
Q: Why is this trend relevant for users or analysts?
A: The working-age population is a crucial indicator for understanding a country's economic potential and labor market dynamics, which is essential for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the statistical agency of Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze labor market conditions, workforce availability, and demographic shifts that could impact economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated on an intra-annual basis, with the latest figures typically available 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 Luxembourg (LFWA64TTLUQ647S), retrieved from FRED.