Labor force participation rate, total (% of total population ages 15-64) (modeled ILO estimate)

The labor force participation rate reflects the engagement of individuals aged 15 to 64 in economic activities, highlighting the segment of the population actively contributing to the labor market. This metric is essential for understanding the vitality of an economy, as it encapsulates both employment levels and the willingness to seek work among a demographic crucial for sustainable growth. A higher participation rate may indicate a healthy economy with ample job opportunities, while a lower rate often signals barriers to employment, such as skill mismatches or economic downturns. Additionally, trends in this rate can reveal insights into social issues, such as gender inequality and age discrimination, impacting the overall workforce dynamics and productivity. Source: