Nominal unit labour cost - annual data, % changes and index (2015 = 100)

The unit labour cost (ULC) is defined as the ratio of labour costs to labour productivity. Nominal ULC (NULC) = (D1/EEM) / (B1GQ/ETO) with D1 = Compensation of employees, all industries, current prices EEM = Employees, all industries, in persons (domestic concept) B1GQ = Gross domestic product at market prices in millions, chain-linked volumes reference year 2015 ETO = Total employment, all industries, in persons (domestic concept) The input data are obtained through official transmissions of national accounts' country data in the ESA 2010 transmission programme. The data are expressed as 1, 3, 5 and 10 years % change and as index 2015=100.