Share of Labour Compensation in GDP at Current National Prices for Bosnia and Herzegovina
LABSHPBAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
2.49%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Bosnia and Herzegovina' measures the proportion of a country's GDP that is attributed to labour compensation. This indicator is widely used by economists to assess the distribution of national income.
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 series represents the share of GDP that goes to employee compensation, including wages, salaries, and employer contributions. It provides insight into the balance between labour income and other forms of income like profits, rents, and interest. Analysts use this metric to understand trends in income inequality and the relative bargaining power of labour.
Methodology
The data is calculated by the Federal Reserve using national accounts data from Bosnia and Herzegovina.
Historical Context
Policymakers monitor this indicator to gauge the inclusiveness of economic growth and inform decisions around labour market regulations and social policies.
Key Facts
- Labour's share of GDP in Bosnia and Herzegovina was 49.4% in 2020.
- The labour share has declined from over 55% in the early 2000s.
- Declining labour share is a global trend linked to automation and market concentration.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is attributed to employee compensation, including wages, salaries, and employer contributions.
Q: Why is this trend relevant for users or analysts?
A: The labour share of GDP provides insight into the distribution of national income and can indicate trends in income inequality and the relative bargaining power of labour.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using national accounts data from Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: Policymakers monitor the labour share to gauge the inclusiveness of economic growth and inform decisions around labour market regulations and social policies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision process of the national accounts data for Bosnia and Herzegovina.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Bosnia and Herzegovina (LABSHPBAA156NRUG), retrieved from FRED.