Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Hungary
LFWA74TTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,186,700.00
Year-over-Year Change
-1.33%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend tracks the total working-age population in Hungary, ages 15 to 74. It provides key insights into the size and composition of the Hungarian labor force, which is crucial for policymakers and economists analyzing economic growth and labor market dynamics.
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 15 to 74 Years for Hungary measures the total number of individuals in Hungary between the ages of 15 and 74, who are considered of working age. This metric is widely used to understand the potential labor supply and workforce participation in the country.
Methodology
The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by policymakers, labor economists, and international organizations to assess the health and potential of the Hungarian labor market.
Key Facts
- Hungary's working-age population totaled 7.3 million in 2021.
- The working-age population accounts for 69% of Hungary's total population.
- The working-age population has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Hungary between the ages of 15 and 74, who are considered of working age.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the potential labor supply and workforce participation in Hungary, which is essential for policymakers and economists analyzing economic growth and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, labor economists, and international organizations to assess the health and potential of the Hungarian labor market.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with minimal delays, providing a reliable and timely snapshot of the Hungarian working-age population.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Hungary (LFWA74TTHUQ647N), retrieved from FRED.