Share of Labour Compensation in GDP at Current National Prices for Italy
LABSHPITA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
2.92%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Italy' tracks the proportion of a country's GDP that goes towards compensating workers. This metric provides insights into the distribution of economic output between labour and capital.
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 income in Italy that is paid to workers as compensation, including wages, salaries, and benefits. It is a key measure of the functional distribution of income and can reveal trends in the balance of power between labour and owners of capital.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
Policymakers and analysts use this metric to assess the state of the labour market and broader economic conditions.
Key Facts
- Italy's labour compensation share of GDP was 47.4% in 2021.
- The metric has trended downward in Italy over the past two decades.
- Lower labour compensation shares can indicate a shift towards capital-intensive production.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Italy's GDP that is paid to workers as compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP is a key measure of the functional distribution of income, providing insights into the balance of power between labour and capital.
Q: How is this data collected or calculated?
A: The OECD calculates this metric using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the state of the labour market and broader economic conditions in Italy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions 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 Italy (LABSHPITA156NRUG), retrieved from FRED.