Share of Labour Compensation in GDP at Current National Prices for Togo
LABSHPTGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
0.00%
Date Range
1/1/1980 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Togo' measures the portion of Togo's GDP that goes towards compensating workers. This metric is important for analyzing economic productivity and 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 series represents the share of GDP in Togo that is attributed to labour compensation, including wages, salaries, and employer contributions. It provides insight into the structure and performance of Togo's economy and can inform policy decisions related to economic growth and income distribution.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Economists and policymakers use this metric to assess Togo's economic development and the degree to which growth benefits workers.
Key Facts
- Togo's labour compensation share averaged 31.3% from 1970 to 2021.
- The metric reached a high of 35.2% in 1987 and a low of 26.4% in 2006.
- Labour's share of GDP is a key indicator of income inequality in an economy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of Togo's GDP that is attributed to labour compensation, including wages, salaries, and employer contributions.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the structure and performance of Togo's economy and can inform policy decisions related to economic growth and income distribution.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Togo's economic development and the degree to which growth benefits workers.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and revisions by the collecting institution.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Togo (LABSHPTGA156NRUG), retrieved from FRED.