Share of Labour Compensation in GDP at Current National Prices for Chad
LABSHPTDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
26.39%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Chad' measures the proportion of a country's GDP that goes towards compensating labor. This is an important economic indicator for understanding the distribution of income and 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 trend represents the share of a country's Gross Domestic Product (GDP) that is allocated to labor compensation, including wages, salaries, and benefits. It provides insight into the balance between capital and labor in an economy and can inform discussions around economic policies, income inequality, and productivity.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Policymakers and economists use this metric to assess the health and structure of a country's economy.
Key Facts
- The share of labor compensation in Chad's GDP has declined over the past decade.
- Chad's labor compensation share is lower than the global average.
- Tracking this metric can provide insights into a country's economic development and industrialization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's GDP that goes towards compensating labor, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the balance between capital and labor in an economy, which is important for understanding income distribution, productivity, and economic policies.
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: Policymakers and economists use this metric to assess the health and structure of a country's economy, which can inform discussions around economic policies, income inequality, and productivity.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limited availability for some countries.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Chad (LABSHPTDA156NRUG), retrieved from FRED.