Share of Labour Compensation in GDP at Current National Prices for Islamic Republic of Iran
LABSHPIRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
40.86%
Date Range
1/1/1955 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Islamic Republic of Iran' measures the percentage of a country's GDP that is attributed to employee compensation, providing insights 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 total GDP that is generated by labour income, as opposed to other factors of production like capital. It is an important metric for analyzing the structure and development of a nation's economy.
Methodology
The data is calculated by the International Monetary Fund based on national accounts statistics.
Historical Context
This trend is widely used by economists and policymakers to assess economic performance and income inequality.
Key Facts
- The labour share in Iran has declined from over 50% in the 1970s to around 40% in recent years.
- Countries with higher labour shares tend to have lower income inequality.
- The labour share is considered a key indicator of an economy's development stage.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of a country's GDP that is attributed to employee compensation, providing insights into the distribution of economic output.
Q: Why is this trend relevant for users or analysts?
A: The labour share is an important metric for analyzing the structure and development of a nation's economy, as well as assessing economic performance and income inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess economic performance and income inequality, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts statistics, which may vary across countries.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Islamic Republic of Iran (LABSHPIRA156NRUG), retrieved from FRED.