{"entity":{"iso2":"AU","iso3":"AUS","name":"Australia","slug":"australia"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"wage-bill-as-a-percentage-of-gdp","source":null,"source_url":"https://data.worldbank.org/indicator/BI.WAG.TOTL.GD.ZS","title":"Wage bill as a percentage of GDP","unit":null},"observations":[{"date":"2000-01-01","value":9.22154},{"date":"2001-01-01","value":9.29381},{"date":"2002-01-01","value":9.30553},{"date":"2003-01-01","value":9.45132},{"date":"2004-01-01","value":9.41473},{"date":"2005-01-01","value":9.36397},{"date":"2006-01-01","value":9.31152},{"date":"2007-01-01","value":9.20525},{"date":"2008-01-01","value":9.17448},{"date":"2009-01-01","value":8.63808},{"date":"2010-01-01","value":8.53408},{"date":"2011-01-01","value":8.44861},{"date":"2012-01-01","value":8.53843},{"date":"2013-01-01","value":8.4444},{"date":"2014-01-01","value":8.41132},{"date":"2015-01-01","value":8.5884},{"date":"2016-01-01","value":8.63935},{"date":"2017-01-01","value":8.51077},{"date":"2018-01-01","value":8.54146},{"date":"2019-01-01","value":8.59496},{"date":"2020-01-01","value":9.16299},{"date":"2021-01-01","value":8.60746},{"date":"2022-01-01","value":7.9671}],"summary":{"latest_period":"2022-01-01","latest_value":7.9671,"max":9.45132,"mean":8.84216,"min":7.9671,"of":190,"rank":101,"trend":"falling"}}