Sri Lanka Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Sri Lanka is expected to be 53.42 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 52.96 in 12 months time. In the long-term, the Sri Lanka Labor Force Participation Rate is projected to trend around 51.94 percent in 2020, according to our econometric models.


Sri Lanka Labor Force Participation Rate
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Sri Lanka Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.2 4.3 5 4.3 4.5 4.6
Employed Persons 8163869 8141663 8135207 8130673 8123058 8061278
Unemployed Persons 358350 367713 367861 370240 371388 388622
Labor Force Participation Rate 53.6 53.42 53.28 53.12 52.96 51.94
Population 21.2 21.16 21.22 21.28 21.34 21.62
Wages High Skilled 60700 57044 57606 58168 58729 56940
Wages Low Skilled 24500 23450 23114 22778 22442 22783
Youth Unemployment Rate 18.3 19.19 19.47 19.3 19.44 20.29
Employment Rate 95.8 95.65 95.57 95.56 95.51 95.13
Living Wage Family 42700 42700 42700 42700 42700 42700
Living Wage Individual 25100 25100 25100 25100 25100 25100
Minimum Wages 10000 10000 10000 10000 10000 10000