Share of Labour Compensation in GDP at Current National Prices for Egypt
LABSHPEGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
7.70%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Egypt' measures the proportion of a country's total economic output that is attributable to labor compensation. This metric is crucial for understanding income distribution and the relative bargaining power of workers.
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 series represents the ratio of employee compensation to GDP in Egypt, expressed as a percentage. It provides insight into how the gains from economic growth are shared between workers and other factors of production like capital. Economists and policymakers analyze this metric to assess economic inclusion and the state of the labor market.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Trends in labor's share of income can inform policies related to taxation, social safety nets, and wage regulation.
Key Facts
- Labor's share of GDP in Egypt was 31.9% in 2020.
- Egypt's labor share has declined by 5 percentage points since 2010.
- Declining labor share can indicate growing inequality.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of a country's total economic output that is attributable to labor compensation, providing insight into income distribution.
Q: Why is this trend relevant for users or analysts?
A: Tracking labor's share of income is crucial for understanding economic inclusion and the state of the labor market, which can inform important policy decisions.
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: Trends in labor's share of income can inform policies related to taxation, social safety nets, and wage regulation.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the World Bank's national accounts statistics.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Egypt (LABSHPEGA156NRUG), retrieved from FRED.