Share of Labour Compensation in GDP at Current National Prices for Kyrgyzstan
LABSHPKGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-23.15%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Kyrgyzstan' tracks the proportion of a country's total economic output that is attributed to 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 metric provides insight into the distribution of national income, which is a key indicator of economic development and inequality. It is used by economists and policymakers to assess labour market dynamics and evaluate the efficacy of policies.
Methodology
The data is calculated by the International Monetary Fund from national accounts statistics.
Historical Context
This trend is relevant for analyzing a country's economic structure and growth strategy.
Key Facts
- Kyrgyzstan's labour compensation share of GDP was 48.4% in 2021.
- The labour share has declined from over 60% in the 1990s.
- Lower labour share can indicate increasing income inequality.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the proportion of a country's total economic output that is attributed to employee wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share provides insight into the distribution of national income, which is a key indicator of economic development and inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund from national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing a country's economic structure and growth strategy, and evaluating the efficacy of policies.
Q: Are there update delays or limitations?
A: The data is published annually with some delays in availability.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Kyrgyzstan (LABSHPKGA156NRUG), retrieved from FRED.