Share of Labour Compensation in GDP at Current National Prices for Kazakhstan
LABSHPKZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-15.09%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Kazakhstan' measures the proportion of a country's GDP that is attributed to labor compensation. This metric is important for economists and policymakers to understand the distribution of income and the relative power of labor versus capital in the economy.
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 country's GDP that is paid out as compensation to workers, including wages, salaries, and benefits. It provides insight into the balance between labor and capital income, which is a key factor in assessing economic conditions and the strength of the labor market.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Policymakers and analysts use this metric to monitor trends in income distribution and assess the overall health of the labor market.
Key Facts
- Kazakhstan's labor compensation share was 48.3% in 2020.
- The labor compensation share has declined from a high of 52.4% in 2013.
- Kazakhstan's labor share is lower than the OECD average of around 55%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of a country's GDP that is attributed to labor compensation, including wages, salaries, and benefits paid to workers.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share provides insight into the balance between labor and capital income, which is a key factor in assessing economic conditions and the strength of the labor market.
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: Policymakers and analysts use this metric to monitor trends in income distribution and assess the overall health of the labor market.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Kazakhstan (LABSHPKZA156NRUG), retrieved from FRED.