Bosnia and Herzegovina: Labor force
* indicates monthly or quarterly data series
Bosnia and Herzegovina |
Labor force, million people |
---|---|
Latest value | 1.37 |
Year | 2023 |
Measure | million people |
Data availability | 1991 - 2023 |
Average | 1.40 |
Min - Max | 1.22 - 1.56 |
Source | The World Bank |
The latest value from 2023 is 1.37 million people, a decline from 1.38 million people in 2022. In comparison, the world average is 20.30 million people, based on data from 178 countries. Historically, the average for Bosnia and Herzegovina from 1991 to 2023 is 1.4 million people. The minimum value, 1.22 million people, was reached in 1995 while the maximum of 1.56 million people was recorded in 1991.
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Definition: Labor force comprises people ages 15 and older who supply labor for the production of goods and services during a specified period. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers. Not everyone who works is included, however. Unpaid workers, family workers, and students are often omitted, and some countries do not count members of the armed forces. Labor force size tends to vary during the year as seasonal workers enter and leave.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Labor force | 1.37 | 2023 | million people |
Unemployment rate | 10.42 | 2023 | percent |
Female unemployment | 12.45 | 2023 | percent |
Male unemployment | 8.98 | 2023 | percent |
Youth unemployment | 26.52 | 2023 | percent |
Labor force participation | 49.99 | 2023 | percent |
Labor force: percent female | 41.45 | 2023 | percent |
Female labor force participation | 40.53 | 2023 | percent |
Male labor force participation | 59.89 | 2023 | percent |
Self-employment | 24.78 | 2022 | percent |
Informal employment | 14.30 | 2020 | percent |
Employment | 0.86 | 9/2024 | million employed people |
Unemployment rate | 27.52 | 9/2024 | percent |
Labor cost | 214.00 | 9/2024 | index points |