Share of Labour Compensation in GDP at Current National Prices for Djibouti
LABSHPDJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
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 Djibouti measures the contribution of employee compensation to the country's total 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 metric provides insight into the distribution of income between labour and capital in Djibouti's economy. It is used by economists to analyze factors influencing economic growth and development.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Policymakers and analysts monitor this trend to assess Djibouti's economic structure and competitiveness.
Key Facts
- Djibouti's labour compensation share was 42.4% in 2020.
- The trend has remained relatively stable over the past decade.
- Labour's share of GDP is lower in Djibouti compared to many other African economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of a country's 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: The labour compensation share is an important indicator of a country's economic structure and competitiveness, used by policymakers and economists to assess factors influencing growth and development.
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 analysts monitor this trend to evaluate Djibouti's economic structure and competitiveness, which can inform policies aimed at promoting productivity and inclusive growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Djibouti (LABSHPDJA156NRUG), retrieved from FRED.