Share of Labour Compensation in GDP at Current National Prices for Portugal
LABSHPPTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-5.89%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Portugal' measures the proportion of a country's GDP that goes towards compensating workers. This indicator 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 trend represents the share of a country's GDP that is allocated to labour compensation, including wages, salaries, and employer contributions. It is a key measure of income distribution and can inform discussions around productivity, inequality, and the balance between labour and capital.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
Policymakers and economists use this indicator to analyze labour market dynamics and assess the overall health of the economy.
Key Facts
- Portugal's labour compensation share in GDP was 51.7% in 2021.
- The labour compensation share has declined in Portugal over the past two decades.
- Portugal's labour compensation share is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's GDP that is allocated towards compensating workers, including wages, salaries, and employer contributions.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share in GDP is a key indicator of income distribution and can provide insights into productivity, inequality, and the balance between labour and capital in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze labour market dynamics and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Portugal (LABSHPPTA156NRUG), retrieved from FRED.