South Korea vs Latin America and the Caribbean: Lower-middle income: Labour income share as a percent of GDP
Labour income share as a percent of GDP over time
- South Korea
- Latin America and the Caribbean: Lower-middle income
How they compare
South Korea currently reports 58.37 against 53.9 in Latin America and the Caribbean: Lower-middle income, a difference of 4.47.
That makes South Korea's figure about 1.1 times Latin America and the Caribbean: Lower-middle income's.
The two have swapped places 1 time across 23 shared years of data; in 2004 it was Latin America and the Caribbean: Lower-middle income ahead.
South Korea ranks 23rd and Latin America and the Caribbean: Lower-middle income ranks 24th of 188 countries.
South Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | South Korea | Latin America and the Caribbean: Lower-middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 57.46 | 54.47 | 2.99 | South Korea |
| 2010s | 56.45 | 53.47 | 2.98 | South Korea |
| 2020s | 58.42 | 54.01 | 4.4 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher labour income share as a percent of gdp, South Korea or Latin America and the Caribbean: Lower-middle income?
- South Korea, at 58.37 against 53.9 in Latin America and the Caribbean: Lower-middle income as of 2026.
- What is the difference in labour income share as a percent of gdp between South Korea and Latin America and the Caribbean: Lower-middle income?
- 4.47, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latin America and the Caribbean: Lower-middle income?
- 23 years are reported by both, from 2004 to 2026.
- How do South Korea and Latin America and the Caribbean: Lower-middle income rank globally for labour income share as a percent of gdp?
- South Korea ranks 23rd and Latin America and the Caribbean: Lower-middle income ranks 24th of 188 countries.
- Where does this data come from?
- International Labour Organization, published as Labour income share as a percent of GDP (ILO modelled estimates). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. The labour income share in GDP is the ratio, in percentage, between total labour income and gross domestic product (a measure of total output), both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. Self-employed workers earn from both their work and capital ownership. Total compensation of employees refers to the remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The labour income of self-employed is imputed on the basis of a statistical analysis of employees of similar characteristics. The labour income share after accounting for the labour income of the self-employed is often referred to as the adjusted labour income share in GDP. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.