Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Norway
LFWA25TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,244,400.00
Year-over-Year Change
8.84%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Norway' trend measures the total number of Norwegians aged 25 to 54, a demographic important for workforce participation and economic productivity.
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 tracks the working-age population in Norway, specifically those between 25 and 54 years old. It is a key metric for understanding labor market dynamics and labor force composition within the country.
Methodology
The data is collected through household surveys conducted by Statistics Norway.
Historical Context
Policymakers use this trend to inform workforce development and labor market policies.
Key Facts
- The working-age population aged 25-54 in Norway was 2.2 million in 2022.
- This age group accounts for over 40% of Norway's total population.
- Norway has one of the highest labor force participation rates among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of Norwegians aged 25 to 54, which is the core working-age population.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of the working-age population is a key indicator of a country's labor force and economic productivity potential.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform workforce development and labor market policies.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, so there may be some delay in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Norway (LFWA25TTNOA647N), retrieved from FRED.