Working Age Population: Aged 15 and Over: All Persons for the European Union
LFWATTTTEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
427,598,955.82
Year-over-Year Change
0.56%
Date Range
1/1/2005 - 10/1/2019
Summary
The 'Working Age Population: Aged 15 and Over: All Persons for the European Union' tracks the total working-age population in the EU, providing key insights into labor market dynamics and economic potential.
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 indicator represents the total number of persons aged 15 and over in the European Union, reflecting the size of the working-age population. It is a crucial measure for analyzing labor force trends, workforce participation, and the overall productive capacity of the EU economy.
Methodology
The data is collected and calculated by Eurostat based on population surveys and census information.
Historical Context
Policymakers and economists use this trend to inform decisions around employment, social welfare, and economic growth strategies for the European Union.
Key Facts
- The working-age population in the EU is over 330 million as of the latest data.
- This metric has seen steady growth over the past two decades, reflecting demographic changes.
- Changes in the working-age population can impact labor supply, consumption, and economic productivity.
FAQs
Q: What does this economic trend measure?
A: The 'Working Age Population: Aged 15 and Over: All Persons for the European Union' measures the total number of individuals aged 15 and older residing in the countries that make up the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing labor market dynamics, workforce participation, and the productive capacity of the EU economy. It informs policy decisions around employment, social welfare, and economic growth strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union, based on population surveys and census information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand labor force trends, workforce participation, and the overall productive capacity of the EU economy, which informs decisions around employment, social welfare, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly or annual basis, with some potential for delays in data reporting and publication.
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Citation
U.S. Federal Reserve, Working Age Population: Aged 15 and Over: All Persons for the European Union (LFWATTTTEUQ647S), retrieved from FRED.