Share of Labour Compensation in GDP at Current National Prices for Switzerland
LABSHPCHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
5.45%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Switzerland' measures the portion of a country's economic output that goes to employee compensation. This metric is important for economists and policymakers to analyze income distribution and labor market dynamics.
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 indicator represents the share of total GDP that is attributed to labour compensation, including wages, salaries, and employer social contributions. It provides insight into the balance between capital and labour income within a national economy.
Methodology
The data is calculated by the OECD using national accounts data on employee compensation and GDP.
Historical Context
Policymakers use this metric to assess economic performance and the degree of inequality in income distribution.
Key Facts
- Switzerland's labour compensation share of GDP was 52.7% in 2021.
- The labour share has declined from over 60% in the 1970s.
- Lower labour share can indicate rising inequality or capital-biased technological change.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of a country's economic output that is attributed to employee compensation, including wages, salaries, and employer social contributions.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP provides insight into the balance between capital and labour income, which is important for analyzing income distribution and labour market dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts data on employee compensation and GDP.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess economic performance and the degree of inequality in income distribution within a country.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of national accounts information from the OECD.
Related Trends
Real GDP at Constant National Prices for Uzbekistan
RGDPNAUZA666NRUG
Real GDP at Constant National Prices for Croatia
RGDPNAHRA666NRUG
Real GDP at Constant National Prices for Italy
RGDPNAITA666NRUG
Total Factor Productivity at Constant National Prices for Czech Republic
RTFPNACZA632NRUG
Real GDP at Constant National Prices for Ethiopia
RGDPNAETA666NRUG
Capital Stock at Constant National Prices for Bangladesh
RKNANPBDA666NRUG
Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Switzerland (LABSHPCHA156NRUG), retrieved from FRED.