Share of labour compensation in GDP for OECD countries

2016, % of GDP

Notes

This is the TCB Original version of the TED-1 data. This version is consistent with earlier versions of the TED data, and is based on official GDP data for the post-1990 period, and hence does not reflect the rapid declines in the prices of information and communication technology goods.

Definitions

GDP: Growth of GDP, log change.
Labor Input - Quantity: Growth of Labor Quantity, log change. Labour input in terms of total employment and total hours worked.
Labor Input - Quality: Growth of Labor Quality, log change. Measure of the changes in the composition of the workforce.

Capital Input - Total: Growth of Total Capital Services, log change. Growth in total capital services refers to the change in the flow of productive services provided by capital assets, such as buildings, transport equipment, and machines.
Capital Input - ICT: Growth of Capital Services provided by ICT Assets, log change. Includes computer hardware and equipment, telecommunication equipment and computer software and services.
Capital Input - Non ICT: Growth of Capital Services provided by Non-ICT Assets, log change. Composed of non-ICT capital assets.

Labour Quantity Contribution: Contribution of Labor Quantity to GDP growth (Growth of Labor Quantity * Share of Total Labour Compensation in GDP).
Labour Quality Contribution: Contribution of Labor Quality to GDP growth (Growth of Labor Quality * Share of Total Labour Compensation in GDP).

Total Capital Contribution: Contribution of Total Capital Services to GDP growth (Growth of Total Capital Services * Share of Total Capital Compensation in GDP)
ICT Capital Contribution: Contribution of Capital Services provided by ICT Assets to GDP growth (Growth of Capital Services provided by ICT Assets * Share of ICT Capital Compensation in GDP).
Non-ICT Capital Contribution: Contribution of Capital Services provided by Non-ICT Assets to GDP growth (Growth of Capital Services provided by Non-ICT Assets * Share of Non-ICT Capital Compensation in GDP).

Total Factor Productivity: Growth of Total Factor Productivity (Growth of GDP minus Labour Quantity Contribution minus Labour Quality Contribution minus Total Capital Contribution). Total factor productivity (TFP) growth accounts for the changes in output not caused directly by changes in labor and capital inputs. It represents the effect of technological change, efficiency improvements, innovation, and our inability to measure the contribution of all other inputs.

Labour Share: Share of Total Labor Compensation in GDP. The labour share measures in the proportion of labor income relative to total income.
Capital Share: Share of Total Capital Compensation in GDP (calculated as 100% minus the labour share).
ICT Capital Share: Share of ICT Capital Compensation in GDP.
Non-ICT Capital Share: Share of Non-ICT Capital Compensation in GDP.

For more information

https://www.conference-board.org/data/economydatabase/index.cfm?id=27770

Limitations of the data

Data are collected from a large number of sources (see https://www.conference-board.org/data/economydatabase/index.cfm?id=27770 for details), so their reliability varies accordingly.
2017 figures are estimated by The Conference Board.

Data provided by

The Conference Board

Dataset name

Total Economy Database™: Growth Accounting & Total Factor Productivity 2017

Webpage:

https://www.conference-board.org/data/economydatabase/index.cfm?id=27762

How to find the data

At URL provided, select 'Growth Accounting and Total Factor Productivity, 1990-2016'

Import & extraction details

File as imported: Total Economy Database™: Growth Accounting & Total Factor Productivity 2017

From the dataset Total Economy Database™: Growth Accounting & Total Factor Productivity 2017, this data was extracted:

  • Sheet: TCB_ORIGINAL
  • Range: G6:AG1989
  • Provided: 53,136 data points

This data forms the table Productivity - Growth accounting and total factor productivity in 123 countries 1990–2016.

Dataset originally released on:

May 2017

About this dataset

This file contains time series data on the contributions of factor inputs - labor (Labor Quantity and Labor Quality), capital (Non-ICT Capital Services and ICT Capital Services) and Total Factor Productivity Growth (TFPG) - to GDP growth, obtained using a growth accounting method. The file also contains data on the Share of Labor Compensation in GDP which is used to assign weights to the factor inputs in deriving their contributions to GDP growth. Data is available for 123 countries, plus a second version of Chinese data based on alternative data, covering the period 1990-2016.

Method of collection/Data provider

Labour Input - Quantity: Obtained from total hours worked (whenever available) or total persons engaged.
Labour Input - Quality: This indicator is based on underlying data on employment and wages by educational attainment, which are estimated econometrically in some cases.
Capital Input - Total: The underlying capital stock series for six different asset types are calculated from national accounts investment data using the perpetual inventory method. The aggregation of the growth in capital services over the different asset types is calculated using the user cost approach.
Capital Input - ICT: For most OECD economies, investment data on ICT assets is available through the national accounts, while for other countries it is estimated using data on total ICT expenditure from the World Information and Technology Services Alliances Digital Reports or proxied using trade data according to the commodity flow approach. Data on this indicator is available for a smaller set of countries due to the limited availability of data on ICT assets.
Total Factor Productivity: It is estimated as the residual by subtracting the sum of two-period average labor share weighted input growth rates from the output growth rate.
Labour Share: It is calculated by using compensation of employees and mixed income data from the national accounts. Whenever these data are not available, estimates from the Penn World Tables or the Asian Productivity Organization are used.