Share of Labour Compensation in GDP at Current National Prices for United Republic of Tanzania
LABSHPTZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
50.44%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Labour Compensation in GDP at Current National Prices for the United Republic of Tanzania measures the portion of the country's gross domestic product (GDP) that goes to employee compensation.
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 provides insight into the distribution of national income between labour and other factors of production, such as capital. It is widely used by economists and policymakers to analyze economic structures and trends.
Methodology
The data is calculated by the United Nations based on national accounts statistics.
Historical Context
This metric is relevant for understanding the relative strength of labour versus other income sources in the Tanzanian economy.
Key Facts
- Tanzania's labour compensation share was 45.7% in 2020.
- The indicator has declined from over 50% in the 1990s.
- Labour's GDP share is lower in Tanzania than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of Tanzania's gross domestic product (GDP) that is allocated to employee compensation, as opposed to other income sources like profits or rents.
Q: Why is this trend relevant for users or analysts?
A: The labor compensation share provides insight into the distribution of national income and can inform analysis of economic structures, competitiveness, and social welfare.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations based on Tanzania's national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers can use this metric to assess the strength of the labor market, income inequality, and the overall balance between labor and capital in the Tanzanian economy.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the indicator relies on national accounts data published by the Tanzanian government.
Related Trends
Real GDP at Constant National Prices for Sao Tome and Principe
RGDPNASTA666NRUG
Total Factor Productivity at Constant National Prices for Brazil
RTFPNABRA632NRUG
Capital Stock at Constant National Prices for Kyrgyzstan
RKNANPKGA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Iraq
LABSHPIQA156NRUG
Real GDP at Constant National Prices for Costa Rica
RGDPNACRA666NRUG
Capital Stock at Constant National Prices for United Republic of Tanzania
RKNANPTZA666NRUG
Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for United Republic of Tanzania (LABSHPTZA156NRUG), retrieved from FRED.