Share of Labour Compensation in GDP at Current National Prices for Sweden
LABSHPSEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
5.35%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Sweden' measures the proportion of a country's GDP that goes towards compensating workers. This metric is important for analyzing income distribution and labor productivity.
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 in Sweden that is allocated to labor compensation, including wages, salaries, and employer-provided benefits. Economists use this data to assess the balance between capital and labor income, which informs discussions around inequality, productivity, and the broader structure of the Swedish economy.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
Policymakers and analysts track this indicator to understand labor market dynamics and the division of economic output between workers and capital owners.
Key Facts
- Sweden's labor compensation share of GDP was 51.9% in 2021.
- The labor share has declined by 2.8 percentage points since 2000.
- Sweden has a relatively high labor share compared to other OECD countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is allocated to compensating workers through wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share of GDP is an important metric for assessing income distribution, labor productivity, and the overall structure of the economy.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator using national accounts data on GDP and labor compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track this indicator to understand labor market dynamics and the division of economic output between workers and capital owners.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by statistical agencies.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Sweden (LABSHPSEA156NRUG), retrieved from FRED.