Labor Force Participation Rate in Sri Lanka decreased to 52.20 percent in the third quarter of 2019 from 52.60 percent in the second quarter of 2019. Labor Force Participation Rate in Sri Lanka averaged 50.44 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. source: Central Bank of Sri Lanka

Labor Force Participation Rate in Sri Lanka is expected to be 53.00 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 2020, according to our econometric models.

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Sri Lanka Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
52.20 52.60 54.70 46.90 1990 - 2019 percent Quarterly

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.

Sri Lanka Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 4.90 16.60 3.70 percent [+]
Employed Persons 8155341.00 8203018.00 8554179.00 4962105.00 [+]
Unemployed Persons 420231.00 399784.00 953794.00 282648.00 [+]
Labor Force Participation Rate 52.20 52.60 54.70 46.90 percent [+]
Population 21.67 21.44 21.67 9.87 Million [+]
Wages High Skilled 57500.00 60800.00 60800.00 52900.00 LKR/Month [+]
Wages Low Skilled 21500.00 23500.00 23500.00 21500.00 LKR/Month [+]
Youth Unemployment Rate 20.00 21.60 38.10 15.40 percent [+]
Employment Rate 95.10 95.30 96.30 91.00 percent [+]
Living Wage Family 52100.00 52100.00 52100.00 52100.00 LKR/Month [+]
Living Wage Individual 29100.00 29100.00 29100.00 29100.00 LKR/Month [+]
Minimum Wages 10000.00 10000.00 10000.00 10000.00 LKR/Month [+]