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Published by source: 24 May 2019
Indicator represents income generated by farming, which is used to remunerate borrowed or rented factors of production (capital, wages and land rents) as well as own production factors (own labour, capital and land). The agriculture factor income presented in this section corresponds to the deflated (real) net value added at factor cost of agriculture. The implicit price index of GDP is used as deflator. Annual work units (AWUs) in the indicator, are defined as full-time equivalent employment (corresponding to the number of full-time equivalent jobs), i.e. as total hours worked divided by the average annual number of hours worked in full-time jobs within the economic territory.