Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Portugal
LFWA74TTPTQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,101,776.00
Year-over-Year Change
2.97%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total working-age population in Portugal, specifically those aged 15 to 74 years. It provides crucial insights into the size and composition of the labor force, which is essential for policymakers and economists to understand economic performance and potential 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 is a key indicator of an economy's productive capacity. This metric tracks the total number of individuals within the 15-74 age range in Portugal, which is generally considered the primary segment of the population that is able and available to work. Analyzing changes in this statistic helps economists assess labor market dynamics and potential workforce supply.
Methodology
The data is collected through comprehensive labor force surveys conducted by the Portuguese statistical agency.
Historical Context
Policymakers and labor market analysts closely monitor this trend to inform decisions around employment, social programs, and economic development strategies.
Key Facts
- The working-age population in Portugal totaled 7.1 million in 2022.
- Portugal's working-age population has grown by 0.5% annually over the past decade.
- Women make up 51% of Portugal's working-age population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 15 to 74 years old in Portugal, which represents the working-age population.
Q: Why is this trend relevant for users or analysts?
A: Tracking the working-age population is crucial for understanding the size and composition of the labor force, which informs economic policy decisions and projections.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive labor force surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts use this trend to inform decisions around employment, social programs, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Portugal (LFWA74TTPTQ647S), retrieved from FRED.