Labor Force Participation Rate in Lithuania increased to 62.20 percent in the fourth quarter of 2019 from 62 percent in the third quarter of 2019.

Labor Force Participation Rate in Lithuania averaged 58.23 percent from 1998 until 2019, reaching an all time high of 62.60 percent in the third quarter of 2018 and a record low of 54.70 percent in the fourth quarter of 2006. This page provides the latest reported value for - Lithuania Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Lithuania Labor Force Participation Rate - values, historical data and charts - was last updated on August of 2020.

Labor Force Participation Rate in Lithuania is expected to be 61.43 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 Lithuania to stand at 61.53 in 12 months time. In the long-term, the Lithuania Labor Force Participation Rate is projected to trend around 61.84 percent in 2021 and 62.10 percent in 2022, according to our econometric models.

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Lithuania Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
62.20 62.00 62.60 54.70 1998 - 2019 percent Quarterly

Lithuania Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.10 11.80 15.30 2.70 percent [+]
Employed Persons 1386.40 1379.40 1497.40 1221.90 Thousand [+]
Unemployed Persons 208.07 203.71 330.58 58.20 Thousand [+]
Labor Force Participation Rate 62.20 62.00 62.60 54.70 percent [+]
Long Term Unemployment Rate 2.10 1.90 10.80 0.80 percent [+]
Youth Unemployment Rate 18.90 18.50 36.20 7.60 percent [+]
Labour Costs 132.00 128.10 134.00 35.90 points [+]
Job Vacancies 15011.00 17271.00 26118.00 4157.00 [+]
Wages 1381.00 1358.60 1381.00 297.90 EUR/Month [+]
Wages in Manufacturing 1381.00 1358.60 1381.00 297.90 EUR/Month [+]
Minimum Wages 555.00 555.00 555.00 92.14 EUR/Month [+]
Population 2.79 2.81 3.71 2.76 Million [+]
Retirement Age Women 62.33 62.00 62.33 59.00 [+]
Retirement Age Men 63.67 63.50 63.67 62.50 [+]
Productivity 114.90 113.20 114.90 41.70 points [+]
Part Time Employment 79.50 81.10 169.90 79.50 Thousand [+]
Employment Change 1.60 1.10 3.70 -4.10 percent [+]
Employment Rate 73.00 73.20 73.20 56.30 percent [+]
Full Time Employment 1246.80 1246.50 1334.10 1096.00 Thousand [+]


Lithuania Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.