Share of Labour Compensation in GDP at Current National Prices for Romania
LABSHPROA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
10.70%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Romania' tracks the proportion of a country's Gross Domestic Product (GDP) that is attributed to employee compensation. This metric is a key indicator of income distribution and labor market dynamics.
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 measures the share of a country's GDP that is paid to workers as compensation, including wages, salaries, and benefits. It provides insight into the relative bargaining power of labor versus capital in the national economy and can inform policy decisions around taxation, social safety nets, and economic inclusion.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data reported by the Romanian government.
Historical Context
Policymakers and analysts use this metric to assess the health of the labor market and the degree of income inequality in an economy.
Key Facts
- Romania's labour compensation share of GDP was 47.4% in 2021.
- The metric has declined from a high of 54.7% in 1995.
- Lower labour share can signal rising inequality or capital-biased technological change.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's Gross Domestic Product (GDP) that is attributed to employee compensation, including wages, salaries, and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP provides insight into the relative bargaining power of labour versus capital in the national economy, which is useful for assessing income inequality and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data reported by the Romanian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the labour market and the degree of income inequality in the Romanian economy, which can inform decisions around taxation, social safety nets, and economic inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as source data is updated.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Romania (LABSHPROA156NRUG), retrieved from FRED.