Share of Labour Compensation in GDP at Current National Prices for Japan
LABSHPJPA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
2.41%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Japan' tracks the proportion of Japan's total economic output that goes towards employee wages and benefits.
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 provides insight into the distribution of income between labour and capital in the Japanese economy. It is a useful metric for analysing changes in the domestic income share and productivity trends.
Methodology
The data is calculated by the OECD using official Japanese national accounts statistics.
Historical Context
This labour share metric is widely used by economists and policymakers to assess economic inequality and the strength of the social safety net.
Key Facts
- Japan's labour share of GDP was 54.4% in 2021.
- The labour share has declined from over 60% in the 1970s.
- Declining labour share can indicate rising inequality.
FAQs
Q: What does this economic trend measure?
A: The 'Share of Labour Compensation in GDP' tracks the proportion of Japan's total economic output that is directed towards employee wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the functional distribution of income and can signal shifts in economic inequality, productivity, and the bargaining power of labour.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator using official Japanese national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze the labour share to assess the strength of the social safety net, understand productivity dynamics, and develop policies to address inequality.
Q: Are there update delays or limitations?
A: The OECD publishes this indicator with a lag, and the data may be subject to periodic revisions as source statistics are updated.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Japan (LABSHPJPA156NRUG), retrieved from FRED.