Sri Lanka Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Sri Lanka is expected to be 52.46 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 Sri Lanka to stand at 52.34 in 12 months time. In the long-term, the Sri Lanka Labor Force Participation Rate is projected to trend around 51.91 percent in 2020, according to our econometric models.


Sri Lanka Labor Force Participation Rate
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Sri Lanka Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.5 4.2 4.5 4.3 4.3 4.6
Employed Persons 8299911 8230536 8257124 8261081 8250645 8251615
Unemployed Persons 342210 343143 341808 341441 340905 339608
Labor Force Participation Rate 52 52.46 52.71 52.45 52.34 51.91
Population 21.44 21.53 21.59 21.62 21.66 22.02
Wages High Skilled 60700 61700 61700 61700 58162 62500
Wages Low Skilled 24500 25500 25500 25500 23256 26000
Youth Unemployment Rate 17.4 18.38 18.14 18.12 18.21 18.21
Employment Rate 95.5 95.58 95.62 95.57 95.58 95.55
Living Wage Family 42700 42700 42700 43700 42700 43700
Living Wage Individual 25100 25100 25100 25100 25100 25100
Minimum Wages 10000 10000 10000 10000 10000 10000