Share of Labour Compensation in GDP at Current National Prices for Burundi
LABSHPBIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-1.42%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Burundi' measures the proportion of a country's gross domestic product (GDP) that is attributed to employee compensation. This metric provides insights into the distribution of income between labour and capital.
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 GDP that is accounted for by the compensation of employees, including wages, salaries, and other benefits. It is a key measure of the functional distribution of income and can inform assessments of economic structure, competitiveness, and policies.
Methodology
The data is calculated by the International Monetary Fund (IMF) using national accounts statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the balance between labour and capital income, which has implications for economic inequality, productivity, and policy.
Key Facts
- Burundi's labour compensation share of GDP was 49.4% in 2021.
- The labour compensation share has declined from over 60% in the 1990s.
- Burundi's labour share is lower than the global average of around 55%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's gross domestic product (GDP) that is attributed to employee compensation, including wages, salaries, and other benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP is a key measure of the functional distribution of income, providing insights into the balance between labour and capital income, which has implications for economic inequality, productivity, and policy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the balance between labour and capital income, which has implications for economic inequality, productivity, and policy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Burundi (LABSHPBIA156NRUG), retrieved from FRED.