Main Economic Indicators, Volume 2011 Issue 3
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Main Economic Indicators, Volume 2011 Issue 3

The monthly Main Economic Indicators (MEI) presents comparative statistics that provide an overview of recent international economic developments for the  OECD countries and a number of non-member economies. This indispensable and unique source of key short-term statistics is a valuable vehicle for economic analysis. Using the most up-to-date, user-friendly graphical and tabular presentation, the indicators cover national accounts, business surveys and consumer opinions, leading indicators, retail sales, production, construction, prices, employment, unemployment, wages, finance, foreign trade and balance of payments.

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Table 46 – Real efffective exchange rate: relative unit labour costs, 2005=100 You or your institution have access to this content

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Main Economic Indicators, Volume 2011/3, March© OECD 2011

46Real effective exchange rate: relative unit labour costs, 2005=100
 
 
 
 
 2008
 2009
 2010
 2008
 2009
 2010
 Q4
 Q1
 Q2
 Q3
 Q4
 Q1
 Q2
 Q3
 Q4
 
Australia
106.7
 
105.7
 
117.3
 
92.3
 
94.3
 
104.5
 
109.6
 
114.6
 
114.5
 
114.7
 
116.1
 
123.9
 
 
Austria
94.1
 
96.4
 
96.7
 
93.8
 
95.6
 
96.1
 
96.4
 
97.6
 
97.5
 
96.6
 
96.0
 
96.6
 
 
Belgium
103.2
 
104.5
 
99.9
 
101.8
 
103.9
 
104.4
 
104.8
 
105.0
 
102.0
 
98.7
 
99.0
 
99.9
 
 
Canada
115.5
 
109.6
 
116.1
 
102.2
 
101.7
 
107.8
 
113.2
 
115.6
 
116.0
 
116.7
 
114.9
 
116.7
 
 
Chile
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Czech Republic
109.4
 
100.9
 
102.8
 
105.3
 
97.8
 
100.6
 
103.6
 
101.7
 
100.1
 
99.5
 
104.6
 
107.0
 
 
Denmark
106.0
 
108.0
 
102.9
 
105.5
 
108.0
 
108.3
 
107.8
 
107.9
 
105.1
 
102.2
 
101.8
 
102.7
 
 
Estonia
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Finland
87.1
 
89.6
 
85.2
 
86.3
 
88.3
 
89.3
 
90.2
 
90.4
 
87.7
 
84.5
 
83.7
 
85.0
 
 
France
104.2
 
106.9
 
101.6
 
108.6
 
107.9
 
106.9
 
106.5
 
106.4
 
103.6
 
100.9
 
100.5
 
101.6
 
 
Germany
97.3
 
100.5
 
97.3
 
95.0
 
97.4
 
99.6
 
101.8
 
103.2
 
100.3
 
96.9
 
95.7
 
96.4
 
 
Greece
100.9
 
102.0
 
99.2
 
97.7
 
100.9
 
102.3
 
102.4
 
102.5
 
99.7
 
95.4
 
100.4
 
101.4
 
 
Hungary
99.6
 
94.2
 
89.9
 
98.0
 
91.1
 
93.8
 
96.4
 
95.3
 
93.3
 
87.3
 
87.3
 
91.9
 
 
Iceland
77.1
 
52.9
 
59.8
 
57.5
 
60.4
 
52.2
 
49.6
 
49.5
 
52.9
 
58.4
 
63.2
 
64.7
 
 
Ireland
101.0
 
93.4
 
84.9
 
97.6
 
96.3
 
92.7
 
92.0
 
92.6
 
87.1
 
82.1
 
83.9
 
86.7
 
 
Israel
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Italy
107.9
 
110.2
 
105.1
 
108.7
 
110.5
 
110.6
 
109.9
 
109.6
 
107.0
 
103.8
 
104.1
 
105.3
 
 
Japan
84.8
 
100.7
 
104.1
 
97.2
 
103.1
 
97.6
 
100.0
 
102.0
 
101.4
 
100.7
 
106.7
 
107.8
 
 
Korea
76.8
 
62.9
 
65.1
 
60.4
 
58.4
 
63.6
 
63.9
 
65.8
 
67.2
 
65.9
 
63.3
 
64.1
 
 
Luxembourg
103.2
 
118.3
 
110.2
 
108.4
 
115.5
 
119.2
 
119.3
 
119.2
 
115.0
 
107.9
 
108.3
 
109.7
 
 
Mexico
94.8
 
78.8
 
84.5
 
81.2
 
74.0
 
79.8
 
80.2
 
81.2
 
83.7
 
85.7
 
83.6
 
85.2
 
 
Netherlands
100.1
 
98.8
 
94.4
 
98.1
 
98.7
 
98.7
 
98.7
 
99.1
 
96.8
 
93.8
 
93.1
 
93.9
 
 
New Zealand
95.6
 
86.8
 
94.7
 
83.3
 
78.0
 
84.1
 
90.6
 
94.5
 
93.4
 
95.3
 
94.8
 
95.3
 
 
Norway
115.9
 
111.5
 
119.2
 
105.9
 
108.5
 
109.9
 
111.1
 
116.5
 
118.9
 
119.8
 
118.9
 
119.0
 
 
Poland
105.2
 
83.0
 
79.2
 
97.9
 
82.5
 
82.2
 
84.7
 
82.6
 
82.5
 
78.5
 
78.5
 
77.5
 
 
Portugal
99.7
 
98.3
 
97.2
 
98.5
 
98.6
 
97.5
 
97.7
 
99.3
 
98.8
 
97.9
 
96.0
 
96.2
 
 
Slovak Republic
110.2
 
109.6
 
99.7
 
116.8
 
119.5
 
111.0
 
104.4
 
103.3
 
100.9
 
99.8
 
99.1
 
99.1
 
 
Slovenia
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Spain
110.8
 
109.3
 
106.8
 
107.7
 
108.5
 
108.8
 
109.7
 
110.4
 
108.3
 
106.3
 
105.9
 
106.7
 
 
Sweden
97.3
 
94.5
 
93.9
 
93.7
 
91.8
 
94.4
 
96.8
 
95.1
 
93.9
 
92.1
 
93.7
 
95.7
 
 
Switzerland
101.8
 
108.4
 
114.6
 
103.8
 
107.6
 
108.0
 
108.4
 
109.5
 
109.6
 
110.2
 
117.8
 
120.9
 
 
Turkey
106.5
 
99.7
 
111.1
 
107.2
 
101.4
 
101.6
 
102.0
 
93.9
 
109.3
 
114.3
 
115.4
 
105.5
 
 
United Kingdom
89.7
 
83.4
 
90.1
 
82.3
 
77.7
 
82.7
 
86.8
 
86.6
 
87.8
 
89.9
 
92.4
 
90.4
 
 
United States
85.1
 
90.1
 
84.7
 
93.1
 
96.1
 
92.0
 
87.6
 
84.5
 
85.1
 
86.4
 
85.1
 
82.3
 
 
Euro area
104.5
 
108.0
 
99.1
 
103.2
 
106.3
 
107.4
 
108.5
 
109.8
 
103.9
 
97.5
 
96.6
 
98.5
 
 
Major-seven
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
EU27
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
OECD-Total
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Other economies
 
 
 
 
 
 
 
 
 
 
 
 
 
Brazil
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
China
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
India
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Indonesia
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Russian Federation
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
South Africa
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Note:  Detailed metadata at: http://stats.oecd.org/OECDStat_Metadata/ShowMetadata.ashx?Dataset=MEI_FIN&backtodotstat=false.
Information on data for Israel: http://dx.doi.org/10.1787/888932315602

 
 
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