Share of Labour Compensation in GDP at Current National Prices for Azerbaijan
LABSHPAZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
9.62%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Azerbaijan measures the portion of a country's gross domestic product (GDP) that is attributed to employee compensation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator provides insight into the distribution of income between labour and capital in Azerbaijan's economy. It is an important metric for analysing the underlying structure and dynamics of the country's economic output.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Policymakers and economists use this trend to assess economic development and the balance between productivity growth and worker compensation.
Key Facts
- The average value for Azerbaijan from 1990 to 2021 was 37.4%.
- The share of labour compensation peaked at 43.4% in 2021.
- Azerbaijan's labour compensation share is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of a country's gross domestic product (GDP) that is attributed to employee compensation, providing insight into the distribution of income between labour and capital.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analysing the underlying structure and dynamics of Azerbaijan's economy, as it indicates the balance between productivity growth and worker compensation.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess economic development and the balance between productivity growth and worker compensation in Azerbaijan.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Azerbaijan (LABSHPAZA156NRUG), retrieved from FRED.