Labor Force Participation Rate in South Africa increased to 58.60 percent in the second quarter of 2022 from 56.90 percent in the first quarter of 2022. source: Statistics South Africa
Labor Force Participation Rate in South Africa averaged 57.12 percent from 2001 until 2022, reaching an all time high of 60.80 percent in the first quarter of 2001 and a record low of 47.30 percent in the second quarter of 2020. This page provides - South Africa Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2022.
Labor Force Participation Rate in South Africa is expected to be 57.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Labor Force Participation Rate is projected to trend around 59.00 percent in 2023 and 59.50 percent in 2024, according to our econometric models.