Share of Labour Compensation in GDP at Current National Prices for India
LABSHPINA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
8.56%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for India' measures the portion of India's gross domestic product (GDP) that goes towards compensating labor, providing insight into the distribution of 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 economic indicator represents the share of GDP that is attributed to labor compensation, such as wages and benefits. It is a key metric for understanding the structure and dynamics of the Indian economy and can inform policy decisions related to income inequality, productivity, and economic development.
Methodology
The data is calculated by the Reserve Bank of India based on national accounts statistics.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess the balance between labor and capital in India's economic growth.
Key Facts
- The labor share of GDP in India has declined from over 40% in the 1980s to around 30% in recent years.
- A lower labor share can indicate a shift towards capital-intensive production or rising inequality.
- Trends in the labor share provide insights into the distribution of the gains from economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Share of Labour Compensation in GDP at Current National Prices for India' measures the portion of India's gross domestic product (GDP) that is allocated to compensating labor, including wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the structure and dynamics of the Indian economy, particularly the balance between labor and capital in economic growth. It is a key metric for understanding income distribution and can inform policy decisions related to productivity, inequality, and development.
Q: How is this data collected or calculated?
A: The data is calculated by the Reserve Bank of India based on national accounts statistics.
Q: How is this trend used in economic policy?
A: The labor share of GDP is widely used by economists, policymakers, and analysts to assess the balance between labor and capital in India's economic growth and to inform decisions related to income inequality, productivity, and economic development.
Q: Are there update delays or limitations?
A: The data is published by the Reserve Bank of India, and there may be occasional delays in updates. The metric can also be influenced by changes in economic structure and measurement methodologies over time.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for India (LABSHPINA156NRUG), retrieved from FRED.