Share of Labour Compensation in GDP at Current National Prices for Zimbabwe
LABSHPZWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
0.00%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Share of Labour Compensation in GDP at Current National Prices for Zimbabwe' measures the proportion of a country's total economic output that is attributed to employee wages and benefits.
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 capital. It is used by economists and policymakers to assess the balance of power between workers and businesses in a given economy.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data from Zimbabwe.
Historical Context
This metric is relevant for understanding economic inequality and the potential for social unrest.
Key Facts
- Zimbabwe's labour share of GDP was 36.4% in 2020.
- The labour share has declined from over 50% in the 1980s.
- A lower labour share indicates a shift toward capital-intensive production.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is attributed to employee compensation, including wages and benefits.
Q: Why is this trend relevant for users or analysts?
A: The labour share of GDP provides insight into the distribution of national income and can signal changes in the balance of economic power between workers and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data from Zimbabwe.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labour share to assess issues of economic inequality and the potential for social unrest.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and can have publication lags due to the nature of national accounts reporting.
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Citation
U.S. Federal Reserve, Share of Labour Compensation in GDP at Current National Prices for Zimbabwe (LABSHPZWA156NRUG), retrieved from FRED.