Share of Labour Compensation in GDP at Current National Prices for Bulgaria
LABSHPBGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
12.98%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Bulgaria' measures the proportion of a country's GDP that is attributed to employee compensation, providing insights into the distribution of economic output.
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 a country's gross domestic product (GDP) that is earned by workers through wages, salaries, and other forms of compensation. It is a key metric used by economists to analyze labour market dynamics and the structure of an economy.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data from Bulgaria.
Historical Context
This trend is widely used by policymakers, analysts, and researchers to assess the balance between labour and capital in an economy.
Key Facts
- The share of labour compensation in Bulgaria's GDP was 49.4% in 2021.
- This indicator has declined from a high of 55.2% in 1995.
- Bulgaria's labour compensation share is lower than the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's GDP that is attributed to employee compensation, such as wages, salaries, and other forms of labour income.
Q: Why is this trend relevant for users or analysts?
A: The share of labour compensation in GDP is a key indicator of the distribution of economic output between labour and capital, providing insights into the structure and dynamics of a country's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data from Bulgaria.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this trend to assess the balance between labour and capital in an economy, which can inform decisions on taxation, social policies, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve, and there may be delays in availability or potential limitations in the underlying national accounts data from Bulgaria.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Bulgaria (LABSHPBGA156NRUG), retrieved from FRED.