Egyptians believed that in the afterlife the deceased would still have to work. To prevent important deceased persons from working, they would be accompanied by many of these small figurines called shawabti. The earliest examples of these were made of sticks tied together, but they became more and more elaborate, especially in the tombs of kings. The idea was that when the deceased was called upon to work, a shawabti would respond “Here I am” and volunteer to serve instead. The exact origin of the word is unclear, but it was interchangeably used with ushabti, meaning “he who answers,” in later dynasties. Royal tombs usually had 401 figurines available, 365 servants/laborers, one for each day of the year, and 36 overseers, one for each 10-day week. The tomb of king Tutankhamun had 413 with an additional foreman for each month of the year. This particular figurine’s provenance is unknown in any more specifics than Egypt, but it has been dated to the 26th dynasty or about 575 BCE.
More info: https://www.metmuseum.org/toah/works-of-art/86.1.14,.18,.21/