Labor Force Participation Rate in Philippines increased to 63.80 percent in February from 60.50 percent in January of 2022. source: Philippine Statistics Authority
Labor Force Participation Rate in Philippines averaged 64.91 percent from 1990 until 2022, reaching an all time high of 94.70 percent in December of 1993 and a record low of 55.69 percent in June of 2020. This page provides - Philippines Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Labor Force Participation Rate - values, historical data and charts - was last updated on June of 2022.
Labor Force Participation Rate in Philippines is expected to be 61.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Labor Force Participation Rate is projected to trend around 62.00 percent in 2023, according to our econometric models.