Share of Labour Compensation in GDP at Current National Prices for Namibia
LABSHPNAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-1.49%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Namibia' measures the percentage of a country's gross domestic product (GDP) that goes towards compensating workers.
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 economic indicator provides insight into the distribution of national income, which is a key factor in assessing economic development and the role of labor in a country's production processes.
Methodology
The data is calculated by the International Monetary Fund (IMF) based on national accounts information.
Historical Context
Policymakers and economists use this metric to analyze labor markets and monitor trends in income distribution.
Key Facts
- Namibia's labour compensation share in GDP was 48.7% in 2021.
- This metric has remained relatively stable in Namibia over the past decade.
- The labour compensation share provides insights into the balance between capital and labour income.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of a country's gross domestic product (GDP) that is attributed to compensating workers for their labour.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share in GDP is a key metric for assessing income distribution and the role of labour in a country's production processes.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze labour markets and monitor trends in income distribution, which are important for policies related to economic development.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information, which may result in some update delays.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Namibia (LABSHPNAA156NRUG), retrieved from FRED.