Sri Lanka Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Sri Lanka is expected to be 52.50 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 53.70 in 12 months time. In the long-term, the Sri Lanka Labor Force Participation Rate is projected to trend around 51.90 percent in 2020, according to our econometric models.


Forecast Data Chart
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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 7961358 7900000 8100000 8150000 8170000 8400000
Unemployed Persons 372135 377000 365000 341000 345000 349000
Labor Force Participation Rate 52 52.5 53.1 53.4 53.7 51.9
Population 21.44 21.6 21.6 21.9 21.9 22.2
Wages High Skilled 60700 61500 61500 61900 61900 62500
Wages Low Skilled 24500 25200 25200 25800 25800 26200
Youth Unemployment Rate 21.8 21.8 21.8 21.5 21.5 20.9
Employment Rate 95.5 95.8 95.6 95.9 95.2 95.9
Living Wage Family 42700 42700 42700 42700 42700 42900
Living Wage Individual 25100 25100 25100 25100 25100 25300
Minimum Wages 10000 10000 10000 10000 10000 10000