Share of Labour Compensation in GDP at Current National Prices for Qatar
LABSHPQAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-2.27%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Qatar measures the proportion of a country's gross domestic product (GDP) that is attributed to employee compensation.
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 value of employee wages, salaries, and benefits as a percentage of total GDP in Qatar. It is a key indicator of income distribution and the relative importance of labor in the economy.
Methodology
The data is calculated by the United Nations using national accounts statistics.
Historical Context
Economists and policymakers use this metric to analyze labor market dynamics and assess the overall health of the Qatari economy.
Key Facts
- Qatar's labour compensation share of GDP was 31.7% in 2020.
- The metric has declined from a high of 34.1% in 2014.
- Labour compensation as a share of GDP is lower in Qatar compared to many developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's gross domestic product (GDP) that is attributed to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding income distribution and the relative role of labor in the Qatari economy. It provides insights into the labor market and can inform economic policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations using national accounts statistics from Qatar.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze labor market dynamics and assess the overall health of the Qatari economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts statistics from Qatar, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Qatar (LABSHPQAA156NRUG), retrieved from FRED.