|Units: % year-to-year variation.|
|Source Catalonia: Idescat. Source Spain and European Union: Eurostat.|
|(p) Provisional value.|
Last update: November 18, 2021.
This is defined as the growth rate of the ratio: compensation per employee in current prices divided by gross domestic product (GDP), considered as chain-linked volume data with reference year 2015, per total employment.
This indicator compares remuneration (compensation per employee) and productivity (GDP per employment) to show how the remuneration of employees is related to the productivity of their labour. It is the relationship between how much each worker is paid and the value he/she produces by their work.
Its growth rate is intended to give an impression of the dynamics of the participation of the production factor labour in output value created. Please note that the variables used in the numerator (compensation, employees) refer to employed labour only, while those in the denominator (GDP, employment) refer to all labour, including self-employed.
The data for Catalonia are calculated on the basis of the GDP and jobs (employees and totals) obtained from Idescat's estimates (2019 Statistical Review). Data for the European Union refer to the EU-27.
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