Navigation Path:
Home  >  Publications
Metadata Parameters - Debug Info
node
SERIES_KEY
Show/Hide section   Dataset Level Metadata  

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

 
Contact
 Contact person Statistical Information Request form
European Central Bank
 Address PO Box 16 03 19
Frankfurt am Main
Germany, D-60066
 
Data
  Dataset 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.

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.

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).

  Catalog Download the series catalogue (complete list of series) of the dataset MNA (Public) (including the metadata): Excel 2013 or the earlier Excel versions.

Show/Hide section   Series Level

National accounts, Main aggregates (Eurostat ESA2010 TP, table 1)
Show/Hide section   MNA: MNA.Q.Y.I8.W2.S1.S1._Z.ULC_PS._Z._T._Z.EUR.D.GY

Title Complement Unit Labour Cost (based on persons) - Euro area 19 (fixed composition) - Domestic (home or reference area), Total economy, Total - All activities, Euro, Deflator (index), Growth rate, over 1 year, Calendar and seasonally adjusted data
Series Key MNA.Q.Y.I8.W2.S1.S1._Z.ULC_PS._Z._T._Z.EUR.D.GY
ECB Last update 2018-12-07 11:00:00.0
Reference area Euro area 19 (fixed composition) as of 1 January 2015 (I8)
Title Unit labour costs
Decimals One (1)
Time period collection Summed through period (S)
Compiling organisation European Commission (including Eurostat) (4D0)
Underlying compilation YTYPCT(MNA.Q.Y.I8.W2.S1.S1._Z.ULC_PS._Z._T._Z.EUR.D.N)
Description of the time series Unit Labour Cost (based on persons) - Euro area 19 (fixed composition) - Domestic (home or reference area), Total economy, Total - All activities, Euro, Deflator (index), Growth rate, over 1 year, Calendar and seasonally adjusted data
Frequency Quarterly