Share of Labour Compensation in GDP at Current National Prices for Indonesia
LABSHPIDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
3.82%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Indonesia' measures the contribution of employee compensation to Indonesia's gross domestic product.
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 portion of Indonesia's GDP that goes towards compensating workers, including wages, salaries, and benefits. It provides insight into the distribution of income between labour and capital in the Indonesian economy.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This metric is used by economists and policymakers to analyze Indonesia's economic structure and competitiveness.
Key Facts
- Indonesia's labor compensation share was 37.4% in 2021.
- The labor share has declined from over 40% in the 1990s.
- Indonesia has a lower labor share compared to other Southeast Asian economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of Indonesia's GDP that goes towards compensating workers, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share provides insight into the distribution of income between labor and capital in the Indonesian economy, which is relevant for analyzing economic structure and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Indonesia's economic structure and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a potential delay of 1-2 years.
Related Trends
Share of Labour Compensation in GDP at Current National Prices for Egypt
LABSHPEGA156NRUG
Total Factor Productivity at Constant National Prices for Honduras
RTFPNAHNA632NRUG
Capital Stock at Constant National Prices for Lesotho
RKNANPLSA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Jamaica
LABSHPJMA156NRUG
Real GDP at Constant National Prices for Rwanda
RGDPNARWA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Thailand
LABSHPTHA156NRUG
Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Indonesia (LABSHPIDA156NRUG), retrieved from FRED.