Share of Labour Compensation in GDP at Current National Prices for Central African Republic
LABSHPCFA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Central African Republic' measures the portion of the country's GDP that goes towards employee compensation. This provides insight into the distribution of income and the role of labor in the economy.
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 represents the share of a country's GDP that is allocated to employee wages, salaries, and benefits. It is a key metric for analyzing the structure and dynamics of a nation's economy, especially in terms of the relative importance of labor versus capital income.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Policymakers and economists use this metric to evaluate economic development and the balance between labor and capital in a country's production processes.
Key Facts
- Central African Republic's labor compensation share was 36.2% in 2020.
- The trend has fluctuated between 34-38% over the past decade.
- Labor's GDP share is lower in Central African Republic compared to other African nations.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of a country's GDP that is allocated to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share provides insight into the distribution of income and the role of labor versus capital in a nation's economy, which is important for analyzing economic development and policies.
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 metric to evaluate the structure of a country's economy and the balance between labor and capital income, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The World Bank updates this data annually, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Central African Republic (LABSHPCFA156NRUG), retrieved from FRED.