Share of Labour Compensation in GDP at Current National Prices for Poland
LABSHPPLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
2.78%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Poland measures the proportion of a country's economic output that is attributed to employee compensation. This metric is important for analyzing the distribution of income and the balance between labour and capital in the 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 GDP that is allocated to employee wages, salaries, and benefits in Poland. It provides insight into the relative bargaining power of workers and the structure of the Polish economy.
Methodology
The data is calculated by the OECD using national accounts statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of the labour market and the overall health of the Polish economy.
Key Facts
- Poland's labour compensation share in GDP was 49.1% in 2020.
- The share has decreased from a high of 54.6% in 1995.
- The trend indicates a shift towards a more capital-intensive economy in Poland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Poland's GDP that is attributed to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share in GDP provides insight into the distribution of income and the balance between labour and capital in the Polish economy, which is important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the labour market and the overall health of the Polish economy, which can inform decisions on economic policies and regulations.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD, so there may be a delay in the most recent figures being available.
Related Trends
Real GDP at Constant National Prices for Croatia
RGDPNAHRA666NRUG
Share of Labour Compensation in GDP at Current National Prices for India
LABSHPINA156NRUG
Real GDP at Constant National Prices for Iceland
RGDPNAISA666NRUG
Capital Stock at Constant National Prices for Serbia
RKNANPRSA666NRUG
Capital Stock at Constant National Prices for Bulgaria
RKNANPBGA666NRUG
Capital Stock at Constant National Prices for Poland
RKNANPPLA666NRUG
Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Poland (LABSHPPLA156NRUG), retrieved from FRED.