Share of Labour Compensation in GDP at Current National Prices for Slovenia
LABSHPSIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
0.46%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Slovenia' measures the percentage of a country's GDP that goes towards compensating its workforce. This metric is important for economists and policymakers to understand labour market dynamics and productivity.
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 portion of a nation's total economic output that is allocated to employee wages, salaries, and other forms of labour compensation. It provides insight into the balance between capital and labour in an economy over time.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
This trend is used by analysts to assess labour market conditions and the distribution of economic gains.
Key Facts
- Slovenia's labour compensation share was 52.4% in 2021.
- The metric has declined from a high of 62.3% in 1995.
- Labour's share of GDP varies significantly across countries and time periods.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is allocated to compensating its workforce through wages, salaries, and other labour-related payments.
Q: Why is this trend relevant for users or analysts?
A: The labour compensation share of GDP provides insight into the balance between capital and labour income, which is important for understanding productivity, income distribution, and labour market dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information on total GDP and labour compensation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the labour market, the distribution of economic gains, and the implications for productivity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as national accounts information is updated.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Slovenia (LABSHPSIA156NRUG), retrieved from FRED.