Share of Labour Compensation in GDP at Current National Prices for Cameroon
LABSHPCMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
0.00%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Cameroon' measures the proportion of a country's economic output that goes towards compensating workers. This metric is important for economists and policymakers to understand labour's contribution to national income.
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 GDP that is distributed as compensation to workers in Cameroon. It is a key measure of income distribution and can provide insights into the structure and performance of the national economy.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Policymakers use this metric to assess economic conditions and guide decisions on labour policies and income redistribution.
Key Facts
- Cameroon's labour compensation share was 47.7% in 2020.
- The metric has declined from a high of 53.2% in 1995.
- A higher share indicates workers are capturing a larger portion of national income.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Cameroon's GDP that is distributed as compensation to workers in the economy.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share is an important indicator of income distribution and can provide insights into the structure and performance of the national economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to assess economic conditions and guide decisions on labour policies and income redistribution.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and potential revisions by the source.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Cameroon (LABSHPCMA156NRUG), retrieved from FRED.