Nominal unit labour costs; total economy (PLCD)


(1995 = 100)

PLCD t = [[(UWCD t : NWTD t) : (OVGD t : NETD t)] :
[(UWCD 95 : NWTD 95) : (OVGD 95 : NETD 95)]] 100

UWCD = Compensation of employees-; total economy
ESA 95-code: D.1
Sector affected: Total economy (S.1)
Definition (ESA 95): 4.02
Source: National accounts; Eurostat or National

NWTD = Employees, persons; all domestic industries (National accounts)
No ESA 95-code
Sector affected: Total economy (S.1)
Definition (ESA 95): 11.12 - 11.14
Source: National accounts; National, OECD or Eurostat

OVGD = Gross domestic product at constant market prices
ESA 95-code: B.1*g
Sector affected: Total economy (S.1)
Definition (ESA 95): 8.89
Source: National accounts; Eurostat or National

NETD = Employment, persons; all domestic industries (National accounts)
No ESA 95-code
Sector affected: Total economy (S.1)
Definition (ESA 95): 11.11 f
Source: National accounts; National, OECD or Eurostat

Where available- full-time equivalents are used-:

FWTD = Employees, full-time equivalents; total economy (National accounts)
No ESA 95-code
Sector affected: Total economy (S.1)
Definition (ESA 95):
- Employees: 11.12 - 11.14
- Full-time equivalence: 11.32
Source: National accounts; -Eurostat or National

FETD = Employment, full-time equivalents; total economy (National accounts)
No ESA 95-code
Sector affected: Total economy (S.1)
Definition (ESA 95):
- Employment: 11.11 f
- Full-time equivalence: 11.32
Source: National accounts; -Eurostat or National

t = year under review

Annotation:
UWCD: Domestic concept, included are residents as well as non-residents working for resident producer units.
Compensation of employees includes wages and salaries (D.11) and employers' social contributions (D.12).