Indonesia Labor Force Participation Rate  Forecast


Indonesia Labor Force Participation Rate
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Labor Force Participation Rate in Indonesia is expected to be 68.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Labor Force Participation Rate is projected to trend around 69.10 percent in 2020, according to our econometric models.


Indonesia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.5 5.5 5.4 5.4 5.5 6
Employed Persons 124538849 121861309 124012136 124012136 127751548 130898101
Unemployed Persons 7005262 7255199 7380609 7380609 6963695 7509728
Labor Force Participation Rate 69.02 68.5 68.8 68.8 67.88 69.1
Wages in Manufacturing 2636846 2911000 3012000 3221000 3342000 4562000
Minimum Wages 3.35 3.35 3.9 3.9 3.24 4.5
Population 259 261 262 263 263 269
Retirement Age Women 58 58 58 58 57 60
Retirement Age Men 58 58 58 58 58 60
Living Wage Family 2869600 3280000 3320000 3350000 2855943 3700000
Living Wage Individual 1678100 1674860 1689799 1674830 1639027 1563972
Wages Low Skilled 3080800 3600000 4000000 4000000 3071685 4500000
Wages High Skilled 4951000 4500000 4800000 4800000 4833741 5700000