Hong Kong Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Hong Kong is expected to be 61.30 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 Hong Kong to stand at 61.27 in 12 months time. In the long-term, the Hong Kong Labor Force Participation Rate is projected to trend around 61.27 percent in 2020, according to our econometric models.


Forecast Data Chart
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Hong Kong Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.8 2.8 2.8 2.8 2.8 2.9
Employed Persons 3873 3879 3882 3886 3889 3901
Unemployed Persons 115 116 116 116 116 116
Labor Force Participation Rate 61.2 61.3 61.26 61.28 61.27 61.27
Productivity 166 163 164 165 166 179
Job Vacancies 76875 76437 76509 77579 76601 76916
Wages 15897 16400 16400 16350 16201 17300
Wages in Manufacturing 215 218 218 219 220 220
Minimum Wages 34.5 34.5 34.5 36.5 36.5 36.5
Population 7.41 7.44 7.5 7.46 7.47 7.7
Retirement Age Men 65 65 65 65 65 65
Retirement Age Women 65 65 65 65 65 65
Youth Unemployment Rate 5.8 5.56 5.49 5.49 5.5 5.5