Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Portugal
LFAC74TTPTQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,522,673.00
Year-over-Year Change
6.33%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total labor force in Portugal for individuals aged 15 to 74 years old. It provides important insights into the size and composition of the Portuguese workforce.
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: Labor Force Total: From 15 to 74 Years for Portugal tracks the overall size of the working-age population actively engaged in the labor market. This metric is crucial for analyzing labor market dynamics and informing economic policymaking.
Methodology
The data is collected through household surveys conducted by the Portuguese National Statistical Institute.
Historical Context
This labor force statistic is widely used by economists, policymakers, and market analysts to assess the health and potential of the Portuguese economy.
Key Facts
- The labor force in Portugal totaled over 5.2 million in 2022.
- The participation rate for the 15-74 age group was 72.5% in 2022.
- Portugal's labor force has grown by 2.3% since 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the labor force in Portugal for individuals aged 15 to 74 years old.
Q: Why is this trend relevant for users or analysts?
A: This labor force statistic is crucial for analyzing the health and potential of the Portuguese economy, as it provides insights into the size and composition of the working-age population.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese National Statistical Institute.
Q: How is this trend used in economic policy?
A: This labor force statistic is widely used by economists, policymakers, and market analysts to assess the health and potential of the Portuguese economy.
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: Labor Force Total: From 15 to 74 Years for Portugal (LFAC74TTPTQ647S), retrieved from FRED.