Economy and finance
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The labour productivity = GDP/ETO with GDP = Gross domestic product, chain-linked volumes reference year 2015 ETO = Total employment, all industries, in persons The GDP per person employed is intended to give an overall impression of the productivity of national economies expressed in relation...
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A country’s terms of trade measures a country's export prices in relation to its import prices. The terms of trade are a measure of a country's trade competitiveness since they indicate how much imports an economy can get for a unit of export goods and services. They are calculated as the rati...
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Gross fixed capital formation (GFCF) consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. GFCF includes acquisition ...
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Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regu...
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Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regu...
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The unit labour cost (ULC) is defined as the ratio of labour costs to labour productivity. Nominal ULC (NULC) = (D1/EEM) / (B1GQ/ETO) with D1 = Compensation of employees, all industries, current prices EEM = Employees, all industries, in persons (domestic concept) B1GQ = Gross domestic product...
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