Macroeconomic scoreboard 2006 - 2013
| Periods | Nominal unit labour costs (%) |
|---|---|
| 2013* | 6.0 |
| Source: CBS. | |
Dataset is not available.
To identify in a timely manner existing and potential imbalances and possible macroeconomic risks within the countries of the European Union in an early stage, the European Commission has drawn up a scoreboard with eleven indicators. This scoreboard is part of the Macroeconomic Imbalance Procedure (MIP). This table contains quarterly and annual figures for these eleven indicators for the Netherlands.
Data available from 2006 to 2013.
Status of the figures:
Annual and quarterly data are provisional. Because this table is discontinued, figures will not be updated anymore.
Changes as of July 10th 2014:
None, this table is discontinued.
When will new figures be published?
Not applicable anymore.
This table is replaced by table Macroeconomic scoreboard. See paragraph 3.
Description topics
- Nominal unit labour costs
- Nominal unit labour costs - % change on three years previously.
Nominal unit labour costs are defined as the ratio between nominal labour costs per employee and labour productivity. Nominal labour costs per employee are nominal labour costs divided by the number of employees. Labour productivity is calculated as the real gross domestic product (GDP volume) divided by the number of persons employed.
Sources:
The data are from Statistics Netherlands’ national accounts.
Calculation of the scoreboard indicator:
Nominal unit labour costs are calculated on the basis of available data: nominal labour costs, gross domestic product (volume), number of employees and number of persons employed. Subsequently, the percentage change compared to three years previously is calculated.
Interpretation of the indicator:
Positive growth means that labour costs are rising faster than labour productivity, which may adversely affect the competitiveness in the long term.
Upper and lower limits:
For this indicator, the European Commission has set only an upper limit: + 9 percent for Eurozone countries and + 12 percent for non-Eurozone countries.