Share of Labour Compensation in GDP at Current National Prices for Lesotho
LABSHPLSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
21.52%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Lesotho' measures the proportion of a country's total economic output that is attributed to employee compensation.
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 income distribution within an economy, reflecting the balance between wages/salaries and other forms of income such as profits, rent, and interest. Economists and policymakers analyze this trend to understand labour market dynamics and the structure of national output.
Methodology
The data is calculated by the International Monetary Fund using national accounts data.
Historical Context
This indicator is used to assess economic development and monitor changes in a country's income distribution over time.
Key Facts
- Lesotho's labour compensation share of GDP was 48.3% in 2021.
- The trend has fluctuated between 45-50% over the past decade.
- Monitoring this metric helps policymakers assess economic inequality.
FAQs
Q: What does this economic trend measure?
A: The 'Share of Labour Compensation in GDP at Current National Prices for Lesotho' measures the proportion of a country's total economic output that is attributed to employee compensation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the income distribution within an economy, reflecting the balance between wages/salaries and other forms of income such as profits, rent, and interest. Economists and policymakers analyze this trend to understand labour market dynamics and the structure of national output.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using national accounts data.
Q: How is this trend used in economic policy?
A: This indicator is used to assess economic development and monitor changes in a country's income distribution over time.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and data collection processes of the International Monetary Fund.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Lesotho (LABSHPLSA156NRUG), retrieved from FRED.