Rest of the World; Other Loans and Advances; Liability, Level
Annual
ROWLALA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,557.00
Year-over-Year Change
8.37%
Date Range
1/1/1945 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in nominal wages and salaries for the labor force in Latin America. This is a key indicator of economic conditions and worker purchasing power in the region.
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 Annual trend tracks the annual percent change in nominal total labor compensation per worker in Latin America. This metric is used by economists and policymakers to assess trends in worker earnings, labor market strength, and broader macroeconomic conditions.
Methodology
The data is calculated from surveys of employers and national accounts data.
Historical Context
Analysts use this indicator to understand the pace of wage growth and its implications for consumer spending, inflation, and monetary policy in Latin America.
Key Facts
- Annual wage growth in Latin America averaged 8.4% over the past decade.
- Real wage growth has lagged behind productivity gains in many Latin American countries.
- Nominal wage trends are a key input for central bank inflation targeting in the region.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in nominal wages and salaries per worker in Latin America.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used to assess labor market conditions, worker purchasing power, and broader macroeconomic trends in Latin America.
Q: How is this data collected or calculated?
A: The data is calculated from surveys of employers and national accounts data.
Q: How is this trend used in economic policy?
A: Analysts use this indicator to understand wage growth and its implications for consumer spending, inflation, and monetary policy in Latin America.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months and may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual (ROWLALA027N), retrieved from FRED.