Economy and finance
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The labour productivity is the ratio of gross domestic product at current price (nominal) to total hours worked by employees and self-employed (domestic concept). The GDP per hour worked gives an indication of how much economic production activity can be attributed to each hour worked in the e...
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Employees correspond to the ILO definition of 'paid employment'. The relationship of employer to employee exists when there is a contract, which may be formal or informal, between an enterprise and a person, entered into voluntarily by both parties, whereby the person works for the enterpr...
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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 nominal unit labour cost (NULC) index is defined as the ratio of labour cost to labour productivity, where labour cost is the ratio of compensation of employees (current prices) to hours worked by employees, and labour productivity is the ratio of gross domestic product (at market prices i...
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The annual building permits data are business cycle indicators providing information on the development of granted building permits in one year. Builders apply for building permits and local building administrations issue them normally before the beginning of the construction work. Therefore b...
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