Labor Force Participation Rate in Sri Lanka decreased to 51.90 percent in the fourth quarter of 2019 from 52.20 percent in the third quarter of 2019.

Labor Force Participation Rate in Sri Lanka averaged 50.46 percent from 1990 until 2019, reaching an all time high of 54.70 percent in the first quarter of 2017 and a record low of 46.90 percent in the third quarter of 1992. This page provides - Sri Lanka Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Labor Force Participation Rate - values, historical data and charts - was last updated on July of 2020. source: Central Bank of Sri Lanka

Labor Force Participation Rate in Sri Lanka is expected to be 53.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Sri Lanka to stand at 53.50 in 12 months time. In the long-term, the Sri Lanka Labor Force Participation Rate is projected to trend around 53.90 percent in 2021, according to our econometric models.

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Sri Lanka Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
51.90 52.20 54.70 46.90 1990 - 2019 percent Quarterly

Sri Lanka Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 5.10 16.60 3.70 percent [+]
Employed Persons 8181442.00 8155341.00 8554179.00 4962105.00 [+]
Unemployed Persons 387460.00 437797.00 953794.00 282648.00 [+]
Labor Force Participation Rate 51.90 52.20 54.70 46.90 percent [+]
Population 21.90 21.67 21.90 9.87 Million [+]
Youth Unemployment Rate 23.30 20.00 38.10 15.40 percent [+]
Minimum Wages 10000.00 10000.00 10000.00 10000.00 LKR/Month [+]
Employment Rate 94.90 95.10 96.30 91.00 percent [+]


Sri Lanka Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.