Employment to population ratio, 15+, total (%) (modeled ILO estimate)

The employment to population ratio serves as a vital economic indicator, reflecting the percentage of individuals aged 15 and older who are engaged in productive work. This metric encompasses not only those who have worked for remuneration within a defined timeframe but also includes individuals temporarily away from their jobs. A higher ratio suggests robust job availability and labor market participation, while a lower ratio may indicate economic stagnation or barriers to employment. Analyzing this ratio can provide deeper insights into demographic trends, labor force dynamics, and the overall health of an economy, allowing policymakers to make informed decisions aimed at enhancing workforce inclusivity and productivity. Source: