In macroeconomics, the workforce or labour force is the sum of people either working (i.e., the employed) or looking for work (i.e., the unemployed):
In macroeconomics, the workforce or labour force is the sum of people either working (i.e., the employed) or looking for work (i.e., the unemployed):
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).
The economy of Hungary is a developing, high-income mixed economy that is the 53rd-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has a very high human development index and a skilled labour force, with the 22nd lowest income inequality by Gini index in the world. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% overall taxation, which funds the country's welfare economy. On the expenditure side, household consumption is the main component of GDP and accounts for 50% of its total, followed by gross fixed capital formation with 22% and government expenditure with 20%.
In 2015 Hungary attracted $119.8 billion in FDI and invested more than $50 billion abroad. As of 2015, the key trading partners of Hungary were Germany, Austria, Romania, Slovakia, France, Italy, Poland and the Czech Republic. Major industries include food processing, pharmaceuticals, motor vehicles, information technology, chemicals, metallurgy, machinery, electrical goods, and tourism (in 2014 Hungary received 12.1 million international tourists). Hungary is the largest electronics producer in Central and Eastern Europe. Electronics manufacturing and research are among the main drivers of innovation and economic growth in the country. In the past 20 years Hungary has also grown into a major center for mobile technology, information security, and related hardware research.The employment rate in the economy was 68.7% in January 2017, while the employment structure shows the characteristics of post-industrial economies. An estimated 63.2% of the employed workforce work in the service sector, industry contributed by 29.7%, while agriculture employed 7.1%. The unemployment rate was 3.8% in September–November 2017, down from 11% during the Great Recession. Hungary is part of the European single market, which represents more than 448 million consumers. Several domestic commercial policies are determined by agreements among European Union members and by EU legislation.
This is a list of countries by size of the labour force mostly based on The World Factbook in 2024.
Unemployment is the state not being in paid employment or self-employment but currently available for work. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed above a specified age added to those unemployed) during the reference period.
Unemployment can have many sources, such as the following below:
Statistics Indonesia (Indonesian: Badan Pusat Statistik, BPS, lit. 'Central Agency of Statistics'), is a non-ministerial government institute of Indonesia that is responsible for conducting statistical surveys. Its main customer is the government, but statistical data is also available to the public. Annual surveys cover areas including national and provincial socio-economics, manufacturing establishments, population and the labour force.
Established in 1960 as the Central Bureau of Statistics (Biro Pusat Statistik), the institute is directly responsible to the president of Indonesia. Its functions include providing data to other governmental institutes as well as to the public and conducting statistical surveys to publish periodic statistics on the economy, social change and development. Statistics Indonesia also assists data processing divisions in other public offices to support and to promote standard statistical methods.