Productivity indicators
Background information
As from December 2021, Eurostat disseminates additional annual labour and capital productivity indicators. These indicators include breakdowns by industry, region, and asset.
In the past, Eurostat disseminated fewer indicators on labour productivity for the total economy, for example indicators used in the Macroeconomic imbalance procedure scoreboard.
Growth and productivity accounts are part of the ‘European System of Accounts’ (ESA 2010, chapter 22). This states that: 'A major use of the national accounts is to describe, monitor and analyse productivity growth'.
Labour and capital are key input factors affecting productivity growth. They are widely used for economic analysis and forecasting, policy design and policy making. The aim of this data collection based on national accounts data is to provide indicators that allow deeper analysis of productivity trends.
Release and revision policy
Productivity indicators are released and updated based on annual national accounts data. These have to be transmitted by EU members and EFTA countries in accordance with delays specified in the ESA transmission programme. This varies depending on the breakdowns from t+2 months for main aggregates to t+24 months for asset stocks and regional breakdowns.