Labor Force Participation Rate in South Africa increased to 54.20 percent in the third quarter of 2020 from 47.30 percent in the second quarter of 2020. source: Statistics South Africa
Labor Force Participation Rate in South Africa averaged 57.16 percent from 2001 until 2020, reaching an all time high of 60.80 percent in the first quarter of 2001 and a record low of 47.30 percent in the second quarter of 2020. This page provides - South Africa Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Labor Force Participation Rate - values, historical data and charts - was last updated on February of 2021.
Labor Force Participation Rate in South Africa is expected to be 53.30 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 South Africa to stand at 54.30 in 12 months time. In the long-term, the South Africa Labor Force Participation Rate is projected to trend around 54.20 percent in 2021 and 55.00 percent in 2022, according to our econometric models.