This table provides metadata for the actual indicator available from UK statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from UK statistics, this table should be consulted for information on national methodology and other UK-specific metadata information.
Labour share of GDP, comprising wages, salaries and employers social contributions
|Unit of measurement||
The labour share of income estimates the income received by labour in the generation of value added, which includes the compensation of employees.
(Compensation of employees / Gross Domestic Product at market prices) * 100
Labour Share of GDP seeks to inform about the relative share of GDP which accrues to workers as compared to the share which accrues to capital in each reference period. In Periods of economic recession this figure provides an indication of the extent to which falling output reduces labour income relative to profits. If Labour income falls at a greater rate than profits the labour income share will be expected to fall. Increased production and GDP often lead to improved living standards, depending on the distribution of real income and public policy among other factors, which are reflected in this indicator. Data follows the UN specification for this indicator. This indicator has been identified in collaboration with topic experts.
|Data last updated||2020-10-16: see changes on GitHub opens in a new window|
|Metadata last updated||2020-10-16: see changes on GitHub opens in a new window|