Labor Force Participation Rate for Namibia

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 60.42 percent as of 12/31/2024, the highest value since 12/31/2018.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.035 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.035.
The 3 year change in percentage points is 0.982.
The 5 year change in percentage points is 0.312.
The 10 year change in percentage points is -1.91.

The Serie's long term average value is 58.14 percent. It's latest available value, on 12/31/2024, is 2.29 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/1997, to it's latest available value, on 12/31/2024, is +5.52.
The Serie's change in percentage points from it's maximum value, on 12/31/2013, to it's latest available value, on 12/31/2024, is -2.51.