Share of Labour Compensation in GDP at Current National Prices for Philippines
LABSHPPHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
23.22%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Philippines' measures the proportion of a country's GDP that goes towards employee compensation. This metric provides insight into the distribution of economic output between labor and capital.
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 series represents the ratio of employee compensation to GDP, expressed as a percentage. It is an important indicator of a country's economic structure and can be used to assess trends in the functional distribution of income.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This metric is widely used by economists and policymakers to analyze labor market dynamics and the relationship between productivity, wages, and economic growth.
Key Facts
- The labor share in the Philippines was 37.4% in 2021.
- The labor share has declined from over 40% in the 1990s.
- A lower labor share may indicate increased automation or capital-intensive growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's GDP that goes towards employee compensation. It provides insight into the functional distribution of income between labor and capital.
Q: Why is this trend relevant for users or analysts?
A: The labor share of GDP is an important indicator of a country's economic structure and can be used to assess trends in productivity, wages, and economic growth.
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: This metric is widely used by economists and policymakers to analyze labor market dynamics and the relationship between productivity, wages, and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Philippines (LABSHPPHA156NRUG), retrieved from FRED.