Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Czechia
Annual
CCRETT02CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.39
Year-over-Year Change
15.64%
Date Range
1/1/1993 - 1/1/2024
Summary
The 'Annual' economic trend measures the annual growth rate of real capital compensation per worker in South Africa. This key metric provides insights into labor productivity and the distribution of economic gains.
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 changes in real capital compensation per worker, which reflects how the returns to capital are distributed among the workforce. Economists use this data to analyze labor market dynamics and assess the sustainability of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and labor force statistics.
Historical Context
Policymakers and analysts monitor this trend to understand the relationship between capital investment, labor productivity, and income inequality.
Key Facts
- South Africa's annual capital compensation growth has averaged 2.1% over the past decade.
- Real capital compensation per worker declined by 0.8% in 2020 due to the COVID-19 pandemic.
- Sustained increases in capital compensation can signal rising labor productivity and living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the annual growth rate of real capital compensation per worker in South Africa. This reflects how the returns to capital investment are distributed among the workforce.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in capital compensation per worker provides insights into labor productivity, income distribution, and the sustainability of economic growth. This is a key metric for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and labor force statistics for South Africa.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track this trend to understand the relationship between capital investment, labor productivity, and income inequality, which are important considerations for economic and social policies.
Q: Are there update delays or limitations?
A: There can be a lag of several months between the end of a reference period and the release of the 'Annual' data by the U.S. Bureau of Economic Analysis.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Czechia
LRHU24TTCZM156S
Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Czechia
LFEASETTCZA647N
Residential Property Prices for Czech Republic
QCZN628BIS
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia
CZECP070000IXOBM
Consumer Price Index: Services Less Housing for Czech Republic
CZECPISXHAINMEI
Business Tendency Surveys: Selling Prices: Economic Activity: Construction: Future Tendency for Czechia
BCSPFT02CZM460S
Citation
U.S. Federal Reserve, Annual (CCRETT02CZA661N), retrieved from FRED.