Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Slovak Republic
LFWA64TTSKQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,521,900.00
Year-over-Year Change
-1.87%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the total working-age population, ages 15 to 64, in the Slovak Republic. It is a key metric for labor force analysis and economic planning.
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 is a fundamental economic indicator, representing the segment of the population that is eligible and able to participate in the labor force. This data is used by policymakers and analysts to assess workforce capacity, labor market dynamics, and economic growth potential.
Methodology
This data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Historical Context
Tracking the size and trends of the working-age population supports employment, education, and social welfare policies.
Key Facts
- The working-age population in Slovakia was 4.4 million in 2021.
- The share of the working-age population has declined from 71% in 2000 to 68% in 2021.
- Slovakia's working-age population is projected to continue declining due to low birth rates and aging demographics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population in Slovakia aged 15 to 64, which represents the working-age segment of the population eligible for labor force participation.
Q: Why is this trend relevant for users or analysts?
A: The size and dynamics of the working-age population are crucial for understanding labor market conditions, economic growth potential, and informing policy decisions related to employment, social welfare, and education.
Q: How is this data collected or calculated?
A: This data is collected through national labor force surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Monitoring the working-age population supports policies aimed at fostering employment, promoting workforce development, and addressing demographic challenges such as aging populations and declining birth rates.
Q: Are there update delays or limitations?
A: This data is published on an intra-annual basis, with the most recent information typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Slovak Republic (LFWA64TTSKQ647N), retrieved from FRED.