Share of Labour Compensation in GDP at Current National Prices for Sao Tome and Principe
LABSHPSTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Sao Tome and Principe measures the ratio of total labor compensation to total GDP in the country. This metric is a key indicator of income distribution and the relative strength of the labor force in the national 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 indicator reflects the proportion of national income that is earned by workers through wages, salaries, and other forms of compensation. It provides insights into the balance between labor and capital in Sao Tome and Principe's economic production and can inform policy discussions around income inequality and economic development.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Economists and policymakers monitor this trend to assess the underlying structure and dynamics of Sao Tome and Principe's economy.
Key Facts
- Sao Tome and Principe's labor compensation share was 48.6% in 2020.
- The trend has remained relatively stable over the past decade.
- Labor's income share is lower than the global average of around 55%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's total GDP that is attributed to labor compensation, including wages, salaries, and other forms of income earned by workers.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share is a key metric for understanding the distribution of national income and the relative bargaining power of labor versus capital in the economy. It can inform discussions around income inequality and the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data on total GDP and total labor compensation.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the labor compensation share to assess the health of the labor market, the balance between labor and capital, and the broader state of economic development in Sao Tome and Principe.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year. The accuracy of the indicator may be affected by the quality of national accounts data in Sao Tome and Principe.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Sao Tome and Principe (LABSHPSTA156NRUG), retrieved from FRED.