Labor Force Participation Rate for the Philippines

Indicator Definition:
Labor force participation rate is the proportion of the population ages 15-64 that is economically active: all people who supply labor for the production of goods and services during a specified period.

The statistic "Labor Force Participation Rate" stands at 63.17 percent as of 12/31/2024.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.302 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.302.
The 3 year change in percentage points is 4.67.
The 5 year change in percentage points is 1.84.
The 10 year change in percentage points is -0.554.

The Serie's long term average value is 62.35 percent. It's latest available value, on 12/31/2024, is 0.827 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2020, to it's latest available value, on 12/31/2024, is +6.49.
The Serie's change in percentage points from it's maximum value, on 12/31/2014, to it's latest available value, on 12/31/2024, is -0.554.