Share of Labour Compensation in GDP at Current National Prices for Bermuda
LABSHPBMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-1.82%
Date Range
1/1/1986 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Bermuda measures the proportion of a country's total economic output that goes towards compensating workers. This statistic is important for analyzing labour market trends and productivity.
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 metric represents the percentage of a country's Gross Domestic Product (GDP) that is attributed to labour compensation, including wages, salaries, and employer-provided benefits. It provides insight into the distribution of national income between labour and other factors of production.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Policymakers and economists use this indicator to assess the health of the labour market and evaluate economic policies.
Key Facts
- Bermuda's labour compensation share of GDP was 48.4% in 2021.
- The metric has declined from a high of 52.2% in 1980.
- A higher share indicates workers are capturing a larger portion of national income.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of a country's Gross Domestic Product (GDP) that is attributed to labour compensation, including wages, salaries, and employer-provided benefits.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the distribution of national income between labour and other factors of production, which is important for analyzing labour market trends and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the labour market and evaluate economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Bermuda (LABSHPBMA156NRUG), retrieved from FRED.