Share of Labour Compensation in GDP at Current National Prices for Croatia
LABSHPHRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-5.86%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Croatia' tracks the proportion of a country's GDP that goes towards employee compensation. This metric is important for economists and policymakers to understand labour income distribution and productivity.
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 total compensation of employees, including wages, salaries, and employer contributions, as a percentage of Croatia's gross domestic product at current national prices. It provides insight into the relationship between labour income and overall economic output.
Methodology
The data is calculated by the U.S. Federal Reserve using official statistics from the Croatian Bureau of Statistics.
Historical Context
Policymakers and analysts use this trend to assess labour market conditions and the balance between capital and labour income in the Croatian economy.
Key Facts
- Croatia's labour compensation share of GDP was 51.5% in 2021.
- The trend has declined from over 55% in the early 2000s.
- Lower labour share can indicate rising capital income or productivity growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Croatia's GDP that goes towards compensating employees, including wages, salaries, and employer contributions.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP provides insight into the balance between capital and labour income, which is relevant for understanding productivity, inequality, and the overall state of the Croatian economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric using official statistics from the Croatian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this indicator to assess labour market conditions, income distribution, and the relationship between productivity and compensation in Croatia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Croatia (LABSHPHRA156NRUG), retrieved from FRED.