Share of Labour Compensation in GDP at Current National Prices for Cote d'Ivoire
LABSHPCIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-17.89%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Cote d'Ivoire' measures the proportion of a country's gross domestic product (GDP) that goes towards compensating workers for their labor. This is an important economic indicator for understanding national income distribution.
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 a country's GDP that is paid to workers as compensation for their labor. It is used by economists and policymakers to analyze trends in income inequality, productivity, and the relationship between economic growth and labor force participation.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This metric informs discussions around fair wages, fiscal and monetary policy, and the broader structure of a nation's economy.
Key Facts
- Cote d'Ivoire's labor compensation share was 36.3% in 2020.
- The labor share has declined globally over the past decades.
- Lower labor shares are associated with rising income inequality.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's gross domestic product (GDP) that is paid to workers as compensation for their labor.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share is an important metric for understanding income distribution, productivity, and the relationship between economic growth and the labor force.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This metric informs discussions around fair wages, fiscal and monetary policy, and the broader structure of a nation's economy.
Q: Are there update delays or limitations?
A: The data may have update lags depending on the availability of national accounts information.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Cote d'Ivoire (LABSHPCIA156NRUG), retrieved from FRED.