Labor Force Participation Rate in Sri Lanka decreased to 50.20 percent in the second quarter of 2020 from 51 percent in the first quarter of 2020. source: Central Bank of Sri Lanka

Labor Force Participation Rate in Sri Lanka averaged 50.46 percent from 1990 until 2020, 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 January of 2021.

Labor Force Participation Rate in Sri Lanka is expected to be 51.50 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 53.00 in 12 months time. In the long-term, the Sri Lanka Labor Force Participation Rate is projected to trend around 53.50 percent in 2021 and 53.90 percent in 2022, according to our econometric models.

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Sri Lanka Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
50.20 51.00 54.70 46.90 1990 - 2020 percent Quarterly

Sri Lanka Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 5.70 16.60 3.70 percent [+]
Employed Persons 7977000.00 8020446.00 8554179.00 4962105.00 [+]
Unemployed Persons 458359.00 483172.00 953794.00 282648.00 [+]
Labor Force Participation Rate 50.20 51.00 54.70 46.90 percent [+]
Population 21.90 21.67 21.90 9.87 Million [+]
Youth Unemployment Rate 27.70 26.80 38.10 15.40 percent [+]
Minimum Wages 10000.00 10000.00 10000.00 10000.00 LKR/Month [+]
Employment Rate 94.30 95.50 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.