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July 31, 2021
BUSINESS

Economic activity rate at 61 pc in Q4 of 2014

In Q4 of 2014 the economic activity rate of the working age population (15-64 age bracket) stood at 60.8 per cent. For the 20-64 age bracket it stood at 65.4 per cent, 4.6 percentage points below the national target of 70 per cent set as part of the Europe 2020 Strategy.

According to the National Statistic Institute (INS), the source of the data, in Q4 of 2014 Romania’s active population stood at 9,172 thousand persons, of which 8,554 thousands were active and 618 thousands were unemployed.

The economic dependency ratio (the number of inactive and unemployed persons for every 1,000 active persons) stood at 1,327 per cent, higher in the case of women (1,742 per cent) and of the rural population (1,372 per cent). The working age population’s (15-64) labour participation rate stood at 60.8 per cent.

In Q4 of 2014 the economic activity rate of the working age population (15-64) – 60.8 per cent – dropped by 1.8 percentage points quarter-on-quarter.

The economic activity rate was higher for men (68.8 per cent as against 52.7 per cent for women). Based on areas of residence, the economic activity rates had almost equal values (60.9 per cent in urban areas and 60.8 per cent in rural areas). The economic activity rate of young persons (15-24) stood at 22.4 per cent.

 

 

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