Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Norway
LFWA64TTNOA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,590,575.00
Year-over-Year Change
8.54%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the total working-age population in Norway, defined as individuals between 15 and 64 years old. It provides important insights into labor force dynamics and demographic trends that inform economic policy decisions.
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 metric tracks the size of the labor pool in Norway, a key factor in assessing economic capacity, labor supply, and potential GDP growth. Economists and policymakers use this data to analyze workforce trends and make informed decisions about economic and social policies.
Methodology
The data is collected through national labor force surveys conducted by the Norwegian government.
Historical Context
This trend is widely used by central banks, ministries of finance, and international economic organizations to monitor demographic changes and their implications for the Norwegian economy.
Key Facts
- Norway's working-age population was 3.8 million in 2021.
- The working-age population accounts for 70% of Norway's total population.
- Norway has one of the highest labor force participation rates in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total working-age population in Norway, defined as individuals between 15 and 64 years old.
Q: Why is this trend relevant for users or analysts?
A: The working-age population is a key indicator of a country's labor force and economic capacity, making this trend highly relevant for economists, policymakers, and analysts assessing Norway's economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Norwegian government.
Q: How is this trend used in economic policy?
A: Central banks, ministries of finance, and international economic organizations use this trend to monitor demographic changes and their implications for the Norwegian economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated on an infra-annual basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Norway (LFWA64TTNOA647S), retrieved from FRED.