Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Turkiye
LRAC64TTTRQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.93
Year-over-Year Change
2.61%
Date Range
1/1/2006 - 1/1/2025
Summary
The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work. It is a key economic indicator used to assess the health and utilization of a country's 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 for Turkiye represents the ratio of the labor force aged 15 to 64 to the total working-age population in that age group. It is a widely followed metric that provides insight into labor market dynamics and the potential for economic growth.
Methodology
The data is collected through household surveys conducted by the Turkish Statistical Institute.
Historical Context
Economists and policymakers use this metric to evaluate employment trends and make informed decisions about fiscal and monetary policies.
Key Facts
- The labor force participation rate in Turkiye was 53.1% in 2021.
- The rate has declined from a high of 55.1% in 2014.
- Turkiye's labor force participation rate is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population that is employed or actively seeking work in Turkiye.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and utilization of Turkiye's labor market, which is crucial for assessing the country's economic growth potential.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate employment trends and make informed decisions about fiscal and monetary policies in Turkiye.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Turkiye (LRAC64TTTRQ156S), retrieved from FRED.