Share of Labour Compensation in GDP at Current National Prices for Paraguay
LABSHPPYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
0.57%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Paraguay' measures the proportion of a country's total economic output that is attributed to employee compensation. This metric is a key indicator of income distribution and the structure of the Paraguayan 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 trend represents the percentage of Paraguay's Gross Domestic Product (GDP) that is accounted for by the total compensation of employees, including wages, salaries, and supplements. It provides insight into the relative contributions of labor and capital to national income and can inform discussions around economic inequality and productivity.
Methodology
The data is calculated by the World Bank using official government statistics on GDP and employee compensation.
Historical Context
Policymakers and analysts use this indicator to assess the balance between labor and capital in Paraguay's economic growth and development.
Key Facts
- Paraguay's labor compensation share was 34.4% in 2020.
- The trend has declined from a high of 42.7% in 1990.
- Lower labor share can indicate increased capital intensity or inequality.
FAQs
Q: What does this economic trend measure?
A: The 'Share of Labour Compensation in GDP at Current National Prices for Paraguay' measures the proportion of the country's total economic output that is attributed to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relative contributions of labor and capital to Paraguay's national income, which can inform discussions around economic inequality, productivity, and the structure of the Paraguayan economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government statistics on GDP and employee compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the balance between labor and capital in Paraguay's economic growth and development, which can inform decisions around income distribution, labor market policies, and productivity-enhancing measures.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Paraguay (LABSHPPYA156NRUG), retrieved from FRED.