Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 74 Years for Portugal
LRIN74TTPTQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.90
Year-over-Year Change
-6.45%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the inactivity rate for individuals aged 15 to 74 in Portugal. It provides insights into the labor force participation and potential for 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 inactivity rate represents the proportion of the population that is not actively employed or seeking work. This metric is used by economists and policymakers to assess labor market dynamics and identify opportunities for increasing workforce participation.
Methodology
The data is collected through national labor force surveys conducted by statistical agencies.
Historical Context
The inactivity rate is a key indicator for monitoring labor market health and informing economic policies.
Key Facts
- Portugal's inactivity rate was 27.4% in 2021.
- Inactivity rates tend to be higher among older and younger age groups.
- Reducing inactivity is a policy goal for boosting economic productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inactivity rate, which represents the proportion of the population aged 15 to 74 in Portugal that is not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The inactivity rate is an important indicator of labor market dynamics and the potential for economic growth. It helps economists and policymakers assess workforce participation and identify opportunities for increasing productivity.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by statistical agencies.
Q: How is this trend used in economic policy?
A: The inactivity rate is used by policymakers to monitor labor market health and inform policies aimed at increasing workforce participation and boosting economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting, but it provides a reliable, up-to-date snapshot of the inactivity rate in Portugal.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 74 Years for Portugal (LRIN74TTPTQ156N), retrieved from FRED.