Share of Labour Compensation in GDP at Current National Prices for Gabon
LABSHPGAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
0.00%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Gabon' measures the portion of a country's GDP that is attributed to employee compensation. This statistic is useful for economists and policymakers to analyze labour's contribution to economic output.
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 represents the share of total GDP that is earned by workers through wages, salaries, and other forms of compensation. It provides insight into the distribution of income between labour and other factors of production, such as capital and land.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Trends in labour's share of GDP can inform discussions around income inequality, productivity, and the balance between capital and labour in an economy.
Key Facts
- Gabon's labour compensation share of GDP was 42.3% in 2020.
- The labour share has declined by 4 percentage points since 2000.
- Gabon is a middle-income country in Central Africa.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of a country's GDP that is attributed to employee compensation, including wages, salaries, and other forms of labour income.
Q: Why is this trend relevant for users or analysts?
A: Trends in labour's share of GDP provide insight into the distribution of income between labour and other factors of production, which is relevant for discussions around income inequality, productivity, and the balance between capital and labour in an economy.
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 indicator to analyze labour's contribution to economic output and inform discussions around income distribution, productivity, and the balance between capital and labour.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Gabon (LABSHPGAA156NRUG), retrieved from FRED.