Korea - Employment to population ratio, ages 15-24, male (%) (national estimate)

Employment to population ratio, ages 15-24, male (%) (national estimate) in Korea was 20.37 as of 2020. Its highest value over the past 40 years was 39.95 in 1980, while its lowest value was 16.38 in 2010.

Definition: Employment to population ratio is the proportion of a country's population that is employed. Employment is defined as persons of working age who, during a short reference period, were engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period (i.e. who worked in a job for at least one hour) or not at work due to temporary absence from a job, or to working-time arrangements. Ages 15-24 are generally considered the youth population.

Source: International Labour Organization, ILOSTAT database. Data retrieved in December 2019.

See also:

Year Value
1980 39.95
1981 38.16
1982 37.52
1983 33.62
1984 30.82
1985 28.55
1986 27.82
1987 27.66
1988 25.52
1989 25.78
1990 25.67
1991 28.30
1992 28.73
1993 27.10
1994 28.86
1995 28.77
1996 28.10
1997 26.48
1998 22.06
1999 23.02
2000 22.95
2001 23.39
2002 24.60
2003 23.89
2004 24.32
2005 22.30
2006 20.57
2007 19.41
2008 16.89
2009 16.49
2010 16.38
2011 17.51
2012 18.40
2013 18.99
2014 20.76
2015 21.79
2016 21.81
2017 21.82
2018 20.29
2019 21.69
2020 20.37

Development Relevance: Four targets were added to the UN Millennium Declaration at the 2005 World Summit High-Level Plenary Meeting of the 60th Session of the UN General Assembly. One was full and productive employment and decent work for all, which is seen as the main route for people to escape poverty. Employment to population ratio is a key measure to monitor whether a country is on track to achieve the Millennium Development Goal of eradicating extreme poverty and hunger by 2015. And it continues to be a priority in the Sustainable Development Goal of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Limitations and Exceptions: Data on employment by status are drawn from labor force surveys and household surveys, supplemented by official estimates and censuses for a small group of countries. The labor force survey is the most comprehensive source for internationally comparable employment, but there are still some limitations for comparing data across countries and over time even within a country. Comparability of employment ratios across countries is affected by variations in definitions of employment and population. The biggest difference results from the age range used to define labor force activity. The population base for employment ratios can also vary. Most countries use the resident, non-institutionalized population of working age living in private households, which excludes members of the armed forces and individuals residing in mental, penal, or other types of institutions. But some countries include members of the armed forces in the population base of their employment ratio while excluding them from employment data. The reference period of a census or survey is another important source of differences: in some countries data refer to people's status on the day of the census or survey or during a specific period before the inquiry date, while in others data are recorded without reference to any period. Employment ratios tend to vary during the year as seasonal workers enter and leave. This indicator also has a gender bias because women who do not consider their work employment or who are not perceived as working tend to be undercounted. This bias has different effects across countries and reflects demographic, social, legal, and cultural trends and norms.

Statistical Concept and Methodology: The employment to population ratio indicates how efficiently an economy provides jobs for people who want to work. A high ratio means that a large proportion of the population is employed. But a lower employment to population ratio can be seen as a positive sign, especially for young people, if it is caused by an increase in their education.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: The series for ILO estimates is also available in the WDI database. Caution should be used when comparing ILO estimates with national estimates.

Classification

Topic: Labor & Social Protection Indicators

Sub-Topic: Economic activity