Sri Lanka Labor Force Participation Rate  Forecast


Labor Force Participation Rate in Sri Lanka is expected to be 54.24 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 54.31 in 12 months time. In the long-term, the Sri Lanka Labor Force Participation Rate is projected to trend around 54.28 percent in 2020, according to our econometric models.


Sri Lanka Labor Force Participation Rate
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Sri Lanka Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.1 4.8 4.6 4.3 5 4.6
Employed Persons 8230207 8092536 8087335 8131715 8121971 8114064
Unemployed Persons 352875 348254 346158 345478 344707 342846
Labor Force Participation Rate 54.7 54.24 54.17 54.3 54.31 54.28
Wages 8839 9386 9756 10026 10296 11566
Population 21.2 21.27 21.34 21.37 21.4 21.76
Employment Rate 95.9 96.02 96.07 96.1 96.13 96.19
Living Wage Family 55614 53773 54836 54004 54655 54394
Living Wage Individual 30890 30053 30053 30053 30053 30053
Wages High Skilled 51400 50172 50172 50172 50172 50172
Wages Low Skilled 25000 25000 25000 25000 25000 25000
Youth Unemployment Rate 18.5 20.12 20.24 19.85 19.74 19.89