Share of Labour Compensation in GDP at Current National Prices for China
LABSHPCNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
6.00%
Date Range
1/1/1952 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for China' measures the proportion of a country's GDP that is attributed to labour compensation. This metric is important for analyzing income distribution and productivity trends.
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 fraction of a country's total output (GDP) that is paid to workers as compensation, including wages, salaries, and benefits. It provides insight into the relationship between labour and capital in the production process and can inform policy discussions around income inequality and economic development.
Methodology
The data is calculated by the International Monetary Fund (IMF) using national accounts data.
Historical Context
Policy makers and economists use this metric to assess the health of the labour market and the degree of income concentration in an economy.
Key Facts
- China's labour compensation share in GDP was 49.4% in 2020.
- The labour compensation share has declined over the past two decades in China.
- High labour compensation share indicates a more equitable income distribution.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's total economic output (GDP) that is attributed to labour compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share in GDP provides insight into the relationship between labour and capital in the production process, which is relevant for analyzing income distribution, productivity, and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using national accounts data.
Q: How is this trend used in economic policy?
A: Policy makers and economists use this metric to assess the health of the labour market and the degree of income concentration in an economy, which can inform discussions around economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information provided by the Chinese government to the IMF.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for China (LABSHPCNA156NRUG), retrieved from FRED.