The labour productivity = GDP/ETO with
GDP = Gross domestic product, chain-linked volumes reference year 2010
ETO = Total employment, all industries, in persons
The GDP per person employed is intended to give an overall impression of the productivity of national economies expressed in relation to the European Union (EU28) average. If the index of a country is higher than 100, this country's level of GDP per person employed is higher than the EU average and vice versa. Basic figures are expressed in PPS, i.e. a common currency that eliminates the differences in price levels between countries allowing meaningful volume comparisons of GDP between countries. Please note that persons employed does not distinguish between full-time and part-time employment.
Unit of Measurement:
Type of Indicator source:
- Statistical office