Share of Labour Compensation in GDP at Current National Prices for Chile
LABSHPCLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
14.44%
Date Range
1/1/1951 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Chile measures the proportion of a country's economic output that is attributed to employee compensation.
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 metric provides insight into the distribution of national income between workers and other factors of production, such as capital and land. It is an important indicator for analyzing economic structures and dynamics.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
Policymakers and economists use this trend to assess economic performance and the strength of the labour market.
Key Facts
- Chile's labour compensation share was 47.4% in 2021.
- The metric has declined from a high of 52.5% in 1970.
- A higher share indicates workers receive a greater portion of national income.
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, providing insight into the distribution of national income.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing economic structures and dynamics, as well as assessing the strength of the labour market and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate economic performance and the distribution of income between workers and other factors of production.
Q: Are there update delays or limitations?
A: The data is published 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 Chile (LABSHPCLA156NRUG), retrieved from FRED.