Share of Labour Compensation in GDP at Current National Prices for Mauritania
LABSHPMRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
0.00%
Date Range
1/1/1977 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for Mauritania measures the proportion of a country's economic output that goes towards compensating workers. This indicator provides insights into the distribution of national income.
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 series tracks the share of GDP that is allocated to labor compensation in Mauritania. It is an important metric for understanding the relative strength of the labor market and the degree of income inequality within the economy.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Policymakers and economists use this indicator to assess the inclusiveness of economic growth and the degree of labor's bargaining power.
Key Facts
- Mauritania's labor compensation share was 37.4% in 2021.
- The indicator has fluctuated between 35-40% over the past decade.
- A higher share indicates workers are capturing more of the economy's output.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of a country's GDP that is allocated towards compensating workers through wages, salaries, and other forms of labor income.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share provides insights into the degree of income inequality, the bargaining power of workers, and the inclusiveness of economic growth within a country.
Q: How is this data collected or calculated?
A: The World Bank compiles this data using national accounts information reported by Mauritania.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this indicator to assess the fairness of income distribution and inform policies aimed at promoting more equitable economic growth.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the indicator does not capture the full complexity of labor market dynamics and income inequality.
Related Trends
Real GDP at Constant National Prices for Niger
RGDPNANEA666NRUG
Capital Stock at Constant National Prices for Mongolia
RKNANPMNA666NRUG
Capital Stock at Constant National Prices for Bahamas
RKNANPBSA666NRUG
Capital Stock at Constant National Prices for Czech Republic
RKNANPCZA666NRUG
Capital Stock at Constant National Prices for Thailand
RKNANPTHA666NRUG
Capital Stock at Constant National Prices for Burkina Faso
RKNANPBFA666NRUG
Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Mauritania (LABSHPMRA156NRUG), retrieved from FRED.