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 Labour share of GDP (%)
Characteristic Description
Name Labour share of GDP (%); Annual
Regularity Annual
Source Statistics Portugal, Annual National Accounts
First available period 2010
Last available period 2021
Dimensions
  • Data reference period
  • Geographic localization (Portugal)
Concepts
  • EMPLOYERS AND OWN-ACCOUNT WORKERS:  Group of Households subsectors that consists of households for which the (mixed) incomes accruing to the owners of household unincorporated enterprises from their activity as producers of market goods and services with or without paid employees are the largest source of income for the household as a whole, even if it does not account for more than half of total household income.
  • COMPENSATION OF EMPLOYEES:  Total remuneration, in cash or in kind, payable by employers to employees in return for work done by the latter during the accounting period.
  • GROSS DOMESTIC PRODUCT:  Final result of the production activity of resident producer units and it can be defined in three ways: production approach, expenditure approach and income approach.
  • EMPLOYEES:  Persons who, by agreement, work for a resident institutional unit and receive a remuneration recorded as compensation of employees.
  • REFERENCE PERIOD:  Period to which the information refers and which may be a specific day or a time interval (month, fiscal year, calendar year, among others).
Formule

(D1 + estimate of self-employed workers remuneration for work) /GDP

The remuneration corresponding to each self-employed worker  was estimated based on the average remuneration received by employees in the same institutional sector in each branch of activity.

Measure unit (symbol) Percentage (%)
Power of 10  0
Observations
Last update date 13/10/2023


information presented in 17/7/2024