Share of Labour Compensation in GDP at Current National Prices for Hungary
LABSHPHUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-7.02%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Hungary' measures the proportion of a country's GDP that is attributed to employee compensation. This metric provides insight into the distribution of economic output between labor and capital.
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 indicator represents the share of a nation's GDP that is paid to workers as wages, salaries, and benefits. It is used by economists and policymakers to analyze trends in income inequality, the structure of the labor market, and the overall competitiveness of a country's economy.
Methodology
The data is calculated by the OECD using national accounts statistics.
Historical Context
This metric is relevant for understanding a country's economic development and policies that impact the labor market.
Key Facts
- The labor share of GDP in Hungary was 48.3% in 2020.
- Hungary's labor share has declined by 5 percentage points since 2000.
- The labor share is lower in Hungary than the OECD average of 55%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is attributed to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labor share of GDP is an important metric for understanding income distribution, labor market dynamics, and a country's economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers analyzing trends in income inequality and designing policies that impact the labor market and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by national statistical agencies.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Hungary (LABSHPHUA156NRUG), retrieved from FRED.