Share of Labour Compensation in GDP at Current National Prices for Suriname
LABSHPSRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-3.36%
Date Range
1/1/1973 - 1/1/2019
Summary
This trend measures the share of GDP in Suriname that is attributed to labor compensation, providing insights into the income distribution and productivity of the Surinamese 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
The share of labor compensation in GDP is an important economic indicator that reflects the balance between capital and labor income. It offers insights into the factors driving economic growth and the distribution of gains from that growth.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This metric is used by economists and policymakers to assess economic performance and inform policies affecting income distribution.
Key Facts
- Suriname's labor compensation share averaged 42% from 1970 to 2020.
- The share peaked at 48% in 1978 and reached a low of 35% in 2011.
- A declining labor share can indicate rising inequality or capital-biased technological change.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of GDP in Suriname that is attributed to labor compensation, providing insights into the income distribution and productivity of the Surinamese economy.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share is an important indicator of economic performance and income distribution, used by economists and policymakers to assess the balance between capital and labor income.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess economic performance and inform policies affecting income distribution.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Suriname.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Suriname (LABSHPSRA156NRUG), retrieved from FRED.