Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Sweden
LFWA64TTSEQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,577,095.00
Year-over-Year Change
1.67%
Date Range
1/1/2001 - 1/1/2025
Summary
This economic trend measures the total working-age population in Sweden, including individuals aged 15 to 64 years. It provides valuable insights into the size and composition of the labor force, which is crucial for policymakers and economists when analyzing employment, productivity, and economic growth.
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 is a key demographic indicator that helps economists and policymakers understand the potential labor supply and workforce dynamics in a given country. This data series is used to calculate labor force participation rates and other labor market metrics that inform economic policies and business decisions.
Methodology
The data is collected through national labor force surveys conducted by the statistical agencies in Sweden.
Historical Context
Policymakers and analysts use this trend to assess the labor market conditions and potential for economic growth in Sweden.
Key Facts
- Sweden's working-age population totaled 6.85 million in 2021.
- The working-age population in Sweden has grown by 5.3% over the past decade.
- Sweden has one of the highest labor force participation rates in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 15 to 64 years old in Sweden, which is the standard definition of the working-age population.
Q: Why is this trend relevant for users or analysts?
A: The working-age population is a crucial indicator for understanding the size and composition of the labor force, which is essential for policymakers and economists when analyzing employment, productivity, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the statistical agencies in Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the labor market conditions and potential for economic growth in Sweden, which informs policies related to employment, education, and social welfare.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in the availability of the latest figures due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Sweden (LFWA64TTSEQ647S), retrieved from FRED.