Definition: Unit labour cost

Category: Regional statistics

Unit labour cost is defi ned as the ratio between the compensation per employee and the GDP or gross value added per employment. It is measured as the percentage change on the previous year. http://ec.europa.eu/eurostat/ramon/coded_files/sustainable_europe_2005.pdf#page=28
Source:
Eurostat, "Measuring progress towards a more sustainable Europe. Sustainable development indicators for the European Union. Data 1990-2005", Office for Official Publications of the European Communities, Luxembourg, 2005
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