Share of Labour Compensation in GDP at Current National Prices for Germany
LABSHPDEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
8.76%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Germany' measures the proportion of a country's GDP that goes towards employee compensation. This metric is a key indicator of income distribution and economic structure.
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 economic trend represents the percentage of Germany's gross domestic product (GDP) that is attributed to labour income, including wages, salaries, and employer-provided benefits. It is used by economists to analyze changes in the functional distribution of income and assess the relative positions of capital and labour.
Methodology
The data is calculated by the OECD using national accounts data.
Historical Context
Policy makers and analysts monitor this indicator to understand the balance between labour and capital in the economy.
Key Facts
- The labour share in Germany's GDP was 55.4% in 2020.
- The labour share has declined in many advanced economies over recent decades.
- Tracking the labour share provides insights into productivity, technology, and bargaining power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Germany's gross domestic product (GDP) that is attributed to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour share of GDP is a key indicator of income distribution and economic structure, providing insights into productivity, technology, and the relative bargaining power of labour and capital.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts data for Germany.
Q: How is this trend used in economic policy?
A: Policy makers and analysts monitor the labour share to understand the balance between labour and capital in the economy, which has implications for income inequality, productivity, and macroeconomic dynamics.
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.
Related Trends
Real GDP at Constant National Prices for Togo
RGDPNATGA666NRUG
Total Factor Productivity at Constant National Prices for Fiji
RTFPNAFJA632NRUG
Real GDP at Constant National Prices for Belgium
RGDPNABEA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Belarus
LABSHPBYA156NRUG
Real GDP at Constant National Prices for Burkina Faso
RGDPNABFA666NRUG
Capital Stock at Constant National Prices for Romania
RKNANPROA666NRUG
Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Germany (LABSHPDEA156NRUG), retrieved from FRED.