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Published by source: 02 May 2019
The indicator Compensation of employees sources from the National accounts domain. Under the MIP context it is used for the calculation of the indicator Unit labour cost index. National accounts are a coherent and consistent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making. Eurostat publishes annual and quarterly national accounts data. Annual national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013. The revisions are reflected in an updated Regulation of the European Parliament and of the Council on the European system of national and regional accounts in the European Union of 2010 (ESA 2010). The associated transmission programme is also updated and data transmissions in accordance with ESA 2010 are compulsory from September 2014 onwards.