Share of Labour Compensation in GDP at Current National Prices for Czech Republic
LABSHPCZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
7.85%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for the Czech Republic measures the proportion of national income that goes to employee compensation. This provides insight into the distribution of economic output.
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 accrues to labor in the form of wages, salaries, and employer contributions. It is a key metric for analyzing the structure and dynamics of the Czech economy and comparing it to other countries.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
Policymakers and economists use this metric to assess the balance between labor and capital income in the economy.
Key Facts
- The Czech Republic's labor share was 47.7% in 2021.
- The labor share has declined from over 50% in the early 2000s.
- The labor share is typically lower in capital-intensive economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of national income in the Czech Republic that is paid to employees as compensation, including wages, salaries, and employer contributions.
Q: Why is this trend relevant for users or analysts?
A: The labor share of GDP is a key metric for understanding the structure and dynamics of the Czech economy and how income is distributed between labor and capital.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information on employee compensation and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the balance between labor and capital income, which has implications for income inequality, consumer demand, and the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Czech Republic (LABSHPCZA156NRUG), retrieved from FRED.