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Show/Hide section   MNA - National accounts, Main aggregates (Eurostat ESA2010 TP, table 1)

 
ADMINISTRATIVE INFORMATION
  Title

MNA - National accounts, Main aggregates (Eurostat ESA2010 TP, table 1)

  Data source

Eurostat and European Central Bank calculations based on Eurostat data

  Contact email address

Statistical Information Request form

  Contact organisation

European Central Bank

 
LEGAL AND INSTITUTIONAL ENVIRONMENT
  Legal acts and other agreements

Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (link

 
SCOPE
  Data presentation - Summary description

The Main aggregates in the national accounts (MNA dataset) include gross domestic product (GDP), value added by main economic activity, main expenditure components and aggregated income statistics. These data are collected and disseminated by the European Commission (Eurostat) and the national statistical authorities.


The MNA dataset also includes additional indicators calculated by the ECB such as implicit GDP deflators, contributions to growth, unit labour costs and its components (compensation per employee and labour productivity), as well as business investment. Data for the euro area / EU and the European countries are available.

  Data presentation - Detailed description

Gross domestic product (GDP) and its components - value added by economic activity, expenditure and income statistics - are part of the ESA 2010 annual and quarterly national accounts produced by the European Commission (Eurostat) and national statistical authorities. Euro area results are estimated using information for the individual countries.


GDP is the value of an economy’s total output of goods and services less intermediate consumption, plus net taxes on products and imports. GDP can be also broken down by expenditure or income components. The main expenditure aggregates that make up GDP are household final consumption, government final consumption, gross fixed capital formation, changes in inventories, and imports and exports of goods and services (including intra-euro area trade) while the income components include gross operating surplus and mixed income, compensation of employees, taxes on production and imports, and subsidies.


The GDP deflators and unit labour costs and its components (compensation per employee and labour productivity) are calculated by the ECB based on the ESA 2010 national accounts data.


The GDP deflators are the ratios of the series in current prices and volume series, where the current price series for the countries are adjusted for national exchange rate movements before joining the euro area.


Unit labour costs are a measure of total labour costs per unit of output calculated as the ratio of compensation per employee to labour productivity (defined as GDP per person employed).


Labour productivity reflects the output that can be produced with a given input of labour. It can be measured in several ways, but is commonly measured as GDP divided by either total employment (by people in employment, i.e. including both employees and self-employed) or total hours worked. The headline ECB measure calculates labour productivity as GDP divided by persons in employment.


Compensation per employee is the total remuneration, in cash or in kind, that is payable by employers to employees in return for work, i.e. gross wages and salaries, as well as bonuses, overtime payments and employers’ social security contributions, divided by the total number of employees.


For more information refer to ESA2010 manual and ESA2010 Transmission Program (Table 1).  

 
METHODOLOGICAL INFORMATION
  Time period

Quarterly and Annual

 
DISSEMINATION
  Release policy - release calendar

See  Eurostat 

  Documentation on methodology

See Eurostat website and Eurostat metadata.     

 
MISCELLANEOUS
  Metadata last update 17/JAN/2019 17:32:58

Show/Hide section   Series Level

National accounts, Main aggregates (Eurostat ESA2010 TP, table 1)
Show/Hide section   MNA: MNA.Q.Y.I8.W0.S1.S1._Z.LPR_PS._Z._T._Z.EUR.LR.GY

Title Complement Labour Productivity (per persons) - Euro area 19 (fixed composition) - World (all entities, including reference area, including IO), Total economy, Total - All activities, Euro, Chain linked volume (rebased), Growth rate, over 1 year, Calendar and seasonally adjusted data
Series Key MNA.Q.Y.I8.W0.S1.S1._Z.LPR_PS._Z._T._Z.EUR.LR.GY
ECB Last update 2019-07-19 11:00:00.0
Reference area Euro area 19 (fixed composition) as of 1 January 2015 (I8)
Title Labour productivity
Decimals One (1)
Time period collection Summed through period (S)
Compiling organisation ECB (European Central Bank) (4F0)
Underlying compilation YTYPCT(MNA.Q.Y.I8.W0.S1.S1._Z.LPR_PS._Z._T._Z.EUR.LR.N)
Reference year (price) 2010
Description of the time series Labour Productivity (per persons) - Euro area 19 (fixed composition) - World (all entities, including reference area, including IO), Total economy, Total - All activities, Euro, Chain linked volume (rebased), Growth rate, over 1 year, Calendar and seasonally adjusted data
Frequency Quarterly