Dataset Details

Nominal unit labour cost growth - (ESA 2010)

Growth rate (%)
This derived indicator compares remuneration (compensation per employee in current prices) and productivity (gross domestic product (GDP) in volumes per employment) to show how the remuneration of employees is related to the productivity of their labour. It is the relationship between how much each "worker" is paid and the value he/she produces by their work. Its growth rate is intended to give an impression of the dynamics of the participation of the production factor labour in output value created. Please note that the variables used in the numerator (compensation, employees) refer to employed labour only, while those in the denominator (GDP, employment) refer to all labour, including self-employed.

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Additional information

Code: tec00130
Last update: 19/10/18
Oldest data: 2006
Most recent data: 2017
Number of values: 414
Themes: Economy and finance