Share of Labour Compensation in GDP at Current National Prices for Lithuania
LABSHPLTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
3.82%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Lithuania' tracks the proportion of a country's GDP that is attributed to employee compensation, providing insights into the structure of 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 percentage of a country's Gross Domestic Product (GDP) that is derived from labour income, such as wages and salaries. It is an important metric for understanding the distribution of national income and the relative role of labour versus other factors of production.
Methodology
The data is calculated by the OECD using national accounts statistics.
Historical Context
Policymakers and analysts use this metric to assess the balance between labour and capital in an economy.
Key Facts
- Lithuania's labour compensation share of GDP was 49.7% in 2021.
- The labour compensation share has declined by 3.4 percentage points since 2010.
- Lithuania's labour compensation share is lower than the OECD average of 54.4%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of a country's Gross Domestic Product (GDP) that is attributed to employee compensation, such as wages and salaries.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP is an important metric for understanding the distribution of national income and the relative role of labour versus other factors of production in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the balance between labour and capital in an economy, which can inform decisions on taxation, labour regulations, and income redistribution policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts statistics from Lithuania.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Lithuania (LABSHPLTA156NRUG), retrieved from FRED.