Share of Labour Compensation in GDP at Current National Prices for Kuwait
LABSHPKWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
13.36%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Kuwait measures the proportion of a country's GDP that is attributed to employee compensation. This metric provides insights into the distribution of income within an economy.
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 a country's GDP that is paid to employees as compensation for their labor. It is an important measure of income distribution and can help analyze trends in the relative bargaining power of workers versus capital owners.
Methodology
The data is calculated by the United Nations as the ratio of total employee compensation to GDP at current national prices.
Historical Context
Policymakers and economists use this metric to assess the health of a country's labor market and evaluate the degree of income inequality.
Key Facts
- Kuwait's labour compensation share of GDP was 34.4% in 2021.
- The labour compensation share has declined from over 40% in the 1990s.
- Kuwait has a relatively low labour compensation share compared to many developed economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is attributed to employee compensation, providing insights into income distribution within the economy.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share is an important metric for assessing the health of a country's labour market and evaluating the degree of income inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations as the ratio of total employee compensation to GDP at current national prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trends in the relative bargaining power of workers versus capital owners and inform policy decisions.
Q: Are there update delays or limitations?
A: The data may have a delay of several months or more in availability, and can be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Kuwait (LABSHPKWA156NRUG), retrieved from FRED.