Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Hungary
LFWATTTTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,013,525.00
Year-over-Year Change
-3.73%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the total working-age population aged 15 years and over in Hungary. It provides important insights into the potential labor force and economic productivity of the country.
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 serves as a key indicator of the size and structure of a country's labor force. Economists and policymakers use this data to analyze workforce dynamics, labor market trends, and the potential for economic growth.
Methodology
This data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Tracking changes in the working-age population is crucial for informing economic and social policies related to employment, retirement, and social welfare.
Key Facts
- Hungary's working-age population totaled 7.78 million as of the latest data.
- The working-age population has declined by 2.5% over the past decade.
- Approximately 68% of Hungary's total population is of working age.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 15 years and over who are considered to be of working age in Hungary.
Q: Why is this trend relevant for users or analysts?
A: Tracking the working-age population is crucial for understanding the potential size and composition of a country's labor force, which informs economic and social policies.
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: Policymakers and economists use this data to analyze workforce dynamics, labor market trends, and the potential for economic growth, which informs policies related to employment, retirement, and social welfare.
Q: Are there update delays or limitations?
A: The data is published on an intra-annual basis, with some potential for minor delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Hungary (LFWATTTTHUA647S), retrieved from FRED.