Share of Labour Compensation in GDP at Current National Prices for Denmark
LABSHPDKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-4.45%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Denmark' tracks the proportion of a country's GDP that is attributed to employee compensation. This metric provides insight into the distribution of 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 goes towards labour compensation, including wages, salaries, and employer contributions. It is a key measure of the functional distribution of income and can inform analyses of economic inequality, productivity, and policy decisions.
Methodology
The data is calculated by the OECD based on national accounts statistics.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess a country's economic structure and dynamics.
Key Facts
- Denmark's labour compensation share of GDP was 51.7% in 2021.
- The labour compensation share has remained relatively stable in Denmark over the past decade.
- A higher labour compensation share may indicate a more equitable distribution 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, including wages, salaries, and employer contributions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the functional distribution of national income and can inform analyses of economic inequality, productivity, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and analysts to assess a country's economic structure and dynamics.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Denmark (LABSHPDKA156NRUG), retrieved from FRED.