Work & Labour in Europe and Central Asia: High income 59 indicators covering work & labour for Europe and Central Asia: High income. IndicatorLatest Year10-yr change Rank Labour force (ILO modelled estimates) 339,691 2027 up 0.6% 25th Labour force participation rate (ILO modelled estimates) 58.03 2027 down 1.6% 54th Persons outside the labour force (ILO modelled estimates) 245,710 2027 up 4.6% 23rd Unemployment rate (ILO modelled estimates) 4.82 2027 down 31.0% 50th Labour dependency ratio 1.13 2027 down 4.0% 60th Output per worker, GDP constant 2021 international $ at PPP 115,809 2027 up 12.5% 14th Output per worker, GDP constant 2015 US $ 71,819 2027 up 11.4% 16th Employment-to-population ratio (ILO modelled estimates) 55.23 2027 up 0.7% 55th Persons outside the labour force (ILO modelled estimates) (15+) 1.08 % change on previous year 2027 up 850.6% 68th Labour force (ILO modelled estimates) (15+), annual growth rate -0.4391 % change on previous year 2027 down 245.4% 79th Employment 326,224 2025 up 6.2% 27th Employment (ILO modelled estimates) 326,224 2025 up 6.2% 27th Employment (ILO modelled estimates) (15+), annual growth rate -0.576 % change on previous year 2025 down 172.3% 83rd Employment (ILO modelled estimates), annual growth rate -0.576 % change on previous year 2025 down 172.3% 83rd SDG indicator 8.2.1: Annual growth rate of output per worker, GDP 1.87 2027 up 18.3% 46th SDG indicator 8.2.1: Annual growth rate of output per worker, GDP 1.86 2027 up 20.9% 40th Labour force participation rate (previous ILO definition - ICLS13) 58.03 2027 down 1.6% 54th SDG indicator 10.4.1: Labour income share as a percent of GDP 56 2026 down 1.8% 14th Labour income share as a percent of GDP 56 2026 down 1.8% 14th LU2: Combined rate of time-related underemployment and unemployment 7.62 2027 down 28.1% 66th Total weekly hours worked of employed persons 10.79 million 2027 up 1.1% 32nd Ratio of total weekly hours worked to population aged 15-64 24.79 2027 up 4.0% 59th Average weekly hours actually worked per employed person 33.38 2027 down 1.7% 80th NEET: Youth not in employment, education or training 8,481 2027 down 2.2% 44th NEET rate: Share of youth not in employment, education or training 10.91 2027 down 7.4% 77th Time-related underemployment rate (ILO modelled estimates) 2.94 2027 down 24.4% 71st Time-related underemployment (ILO modelled estimates) 9,523 2027 down 22.1% 37th Full-time equivalent employment (ILO modelled estimates) 269,838 2027 up 1.1% 32nd LU2: Combined rate of time-related underemployment and unemployment 7.62 2027 down 28.1% 66th NEET: Youth not in employment, education or training (ILO modelled) 2.04 % change on previous year 2027 up 145.7% 32nd Total weekly hours worked of employed persons (ILO modelled) -0.3738 % change on previous year 2027 down 147.3% 82nd Time-related underemployment (ILO modelled estimates) (15+), annual -0.1557 % change on previous year 2027 up 96.6% 76th SDG indicator 8.5.2: Unemployment rate (previous ILO definition) 4.82 2027 down 31.0% 50th Labour income distribution (ILO modelled estimates) 1.76 2025 up 9.4% 7th SDG indicator 8.6.1: Proportion of youth aged 15 to 24 years not in 10.91 2027 down 7.4% 77th Labour income distribution (ILO modelled estimates) (Decile 1) 0.8028 % change on previous year 2025 down 44.7% 25th SDG indicator 9.2.2: Manufacturing employment as a proportion of 13.89 2025 down 7.6% 27th SDG indicator 8.3.1: Proportion of informal employment in total 6.82 2027 down 15.9% 77th LU4: Composite measure of labour underutilization 35,666 2027 down 24.9% 35th Jobs gap rate 10.1 2027 down 19.8% 54th Jobs gap 36,189 2027 down 20.0% 31st Potential labour force and willing non-jobseekers rate 5.5 2027 down 8.3% 53rd Potential labour force and willing non-jobseekers 19,816 2027 down 8.4% 33rd Employment 326,224 2025 up 6.2% 25th SDG indicator 8.8.2: Level of national compliance with labour rights 1.23 2024 up 26.8% 71st Jobs gap rate 10.07 2027 down 20.0% 55th Jobs gap 36,189 2027 down 20.0% 31st LU3: Combined rate of unemployment and potential labour force 7.48 2027 down 25.9% 60th Informal employment rate 6.82 2027 down 15.9% 77th Informal employment 22,033 2027 down 13.4% 48th Potential labour force rate 2.8 2027 down 16.4% 65th Potential labour force and willing non-jobseekers 19,816 2027 down 8.4% 33rd Potential labour force and willing non-jobseekers rate 5.51 2027 down 8.5% 54th Potential labour force rate 2.8 2027 down 16.4% 65th Potential labour force 9,771 2027 down 16.4% 37th LU4: Composite rate of labour underutilization 10.21 2027 down 25.0% 64th LU4: Composite measure of labour underutilization 35,666 2027 down 24.9% 35th Labour force participation rate for persons ages 25 to 54 87.24 2023 up 1.9% 9th Labour force ages 25 to 54 183,610 2023 down 2.0% 31st