Share of Labour Compensation in GDP at Current National Prices for Botswana
LABSHPBWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
0.00%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Botswana' measures the portion of Botswana's gross domestic product (GDP) that is attributed to labour compensation. This metric is a key indicator of the relative contribution of labour to economic output.
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 data series represents the share of GDP in Botswana that is derived from employee wages, salaries, and other forms of labour compensation. It provides insight into the underlying structure and distribution of income within the Botswanan economy.
Methodology
The data is calculated by the International Monetary Fund (IMF) using national accounts information provided by the Botswana government.
Historical Context
Policymakers and economists use this metric to assess the balance between labour and capital in Botswana's economic growth and development.
Key Facts
- Botswana's labour compensation share of GDP was 42.7% in 2021.
- The labour compensation share has declined from a high of 46.2% in 1990.
- Botswana's economy is transitioning from a dependence on labour income to capital income.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of Botswana's gross domestic product (GDP) that is attributed to labour compensation, including employee wages, salaries, and other forms of labour income.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the underlying structure and distribution of income within the Botswanan economy, which is relevant for policymakers and economists assessing economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using national accounts information provided by the Botswana government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the balance between labour and capital in Botswana's economic growth and development, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with potential delays in the most recent year's information.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Botswana (LABSHPBWA156NRUG), retrieved from FRED.