10.4.1 Labour share of GDP

10.4.1 Labour share of GDP

10.4.1 Labour share of GDP

10.4 Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality

Goal 10. Reduce inequality within and among countries

Labour share of Gross Domestic Product (GDP) is the total compensation of employees given as a percent of GDP, which is a measure of total output. It provides information about the relative share of output which is paid as compensation to employees as compared with the share paid to capital in the production process for a given reference period.

Labour share of Gross Domestic Product (GDP) is the total compensation of employees given as a percent of GDP, which is a measure of total output. It provides information about the relative share of output which is paid as compensation to employees as compared with the share paid to capital in the production process for a given reference period.

The data sources for this indicator are estimates of Compensation of employees and Gross Domestic Product (GDP) provided by System of National Accounts (SNA).

Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period. Compensation of employees includes: (i) wages and salaries (in cash or in kind) and (ii) social insurance contributions payable by employers. It does not include the earnings of the self-employed which SNA treats as mixed income.

Gross domestic product (GDP) represents the total market value of the goods and services produced by a country's economy during a specified period of time. GDP is equal to the sum of gross value added generated by all national institutional units, increased by taxes on products and decreased by subsidies on products. Gross Domestic Product is calculated according to the principles of the European System of National and Regional Accounts (ESA 2010) and the recommendations of Eurostat.

Labour share of Gross Domestic Product = Total compensation of employees / Gross Domestic Product * 100

%

None

Republic of Serbia

Statistical Office of the Republic of Serbia

Annual

Starting from 1999, the Statistical Office of the Republic of Serbia has not at disposal and may not provide available certain data relative to AP Kosovo and Metohija, and therefore these data are not included in the coverage for the Republic of Serbia (total).

C100401

https://unstats.un.org/sdgs/metadata/files/Metadata-10-04-01.pdf