Share of Labour Compensation in GDP at Current National Prices for Belgium
LABSHPBEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-0.88%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Belgium measures the portion of a country's gross domestic product (GDP) that goes towards compensating employees.
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 represents the share of total economic output that is attributed to labour income, providing insight into the distribution of value added between workers and other factors of production.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Historical Context
This metric is widely used by economists and policymakers to analyze economic performance and income inequality.
Key Facts
- Belgium's labour compensation share was 52.2% in 2021.
- The metric has declined from a high of 57.2% in 1980.
- Lower labour share can indicate rising inequality or capital-biased technological change.
FAQs
Q: What does this economic trend measure?
A: The Share of Labour Compensation in GDP at Current National Prices for Belgium measures the portion of the country's gross domestic product that goes towards compensating employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the distribution of economic output between workers and other factors of production, which is a key consideration for economists and policymakers analyzing economic performance and income inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess economic performance and income inequality, which can inform policy decisions related to taxation, labor markets, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay in availability compared to more timely economic indicators.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Belgium (LABSHPBEA156NRUG), retrieved from FRED.