Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Portugal
LRAC64TTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.46
Year-over-Year Change
3.46%
Date Range
1/1/1998 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work in Portugal. This key economic indicator provides insights into the health and utilization of the Portuguese labor market.
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 Labor Force Participation Rate is a widely-tracked metric that reflects the active portion of an economy's labor supply. It is used by economists and policymakers to analyze workforce trends and evaluate the broader performance of the Portuguese economy.
Methodology
This data is collected through national labor force surveys conducted by the statistical agency of Portugal.
Historical Context
The Labor Force Participation Rate is closely monitored by the Bank of Portugal and other institutions to inform macroeconomic policy decisions.
Key Facts
- Portugal's labor force participation rate was 72.7% in 2021.
- The rate has declined from a peak of 74.9% in 2014.
- Women's participation rate is lower than men's in Portugal.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population in Portugal that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and utilization of the Portuguese labor market, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the statistical agency of Portugal.
Q: How is this trend used in economic policy?
A: The Labor Force Participation Rate is closely monitored by the Bank of Portugal and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the reference period and the release of the latest data.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Portugal (LRAC64TTPTQ156S), retrieved from FRED.