Main Economic Indicators, Volume 2011 Issue 7
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Main Economic Indicators, Volume 2011 Issue 7

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 effective 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 2011/7, July© OECD 2011

46Real effective exchange rate: relative unit labour costs, 2005=100
 
 
 
 2009
 2010
 2011
 2008
 2009
 2010
 Q1
 Q2
 Q3
 Q4
 Q1
 Q2
 Q3
 Q4
 Q1
 
Australia
107.2
 
105.0
 
115.6
 
94.2
 
104.0
 
108.5
 
113.2
 
113.4
 
113.4
 
114.0
 
121.5
 
123.4
 
 
Austria
93.9
 
95.3
 
93.4
 
95.2
 
95.3
 
95.3
 
95.4
 
94.4
 
93.3
 
93.0
 
93.0
 
92.3
 
 
Belgium
104.6
 
105.9
 
101.4
 
105.2
 
105.9
 
106.3
 
106.4
 
103.5
 
100.3
 
100.3
 
101.4
 
101.5
 
 
Canada
114.7
 
109.1
 
118.0
 
100.9
 
107.7
 
112.8
 
115.2
 
116.5
 
117.8
 
117.1
 
120.8
 
124.2
 
 
Chile
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Czech Republic
109.3
 
101.2
 
97.7
 
98.0
 
101.3
 
104.1
 
101.4
 
98.9
 
96.9
 
97.6
 
97.2
 
99.2
 
 
Denmark
100.9
 
101.2
 
97.8
 
101.3
 
101.3
 
100.9
 
101.2
 
99.1
 
96.8
 
97.0
 
98.2
 
97.8
 
 
Estonia
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Finland
87.2
 
89.8
 
85.7
 
88.6
 
89.6
 
90.4
 
90.7
 
88.2
 
85.0
 
84.7
 
85.1
 
83.3
 
 
France
104.6
 
107.0
 
103.1
 
108.5
 
107.2
 
106.3
 
105.9
 
103.8
 
102.1
 
102.6
 
103.8
 
103.6
 
 
Germany
97.4
 
101.4
 
99.4
 
97.9
 
100.3
 
102.8
 
104.7
 
102.4
 
99.0
 
98.1
 
98.1
 
97.6
 
 
Greece
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Hungary
100.0
 
92.5
 
86.0
 
90.3
 
92.5
 
94.6
 
92.6
 
90.2
 
85.0
 
82.6
 
86.0
 
87.0
 
 
Iceland
77.3
 
53.2
 
60.0
 
60.7
 
52.6
 
49.8
 
49.8
 
53.0
 
58.3
 
63.4
 
65.4
 
62.6
 
 
Ireland
96.0
 
84.4
 
71.0
 
87.4
 
83.6
 
83.3
 
83.5
 
77.3
 
70.9
 
68.2
 
67.6
 
66.1
 
 
Israel
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Italy
108.3
 
110.2
 
107.1
 
110.6
 
110.5
 
109.7
 
110.0
 
108.3
 
105.7
 
106.2
 
108.3
 
108.2
 
 
Japan
81.9
 
94.8
 
100.4
 
97.6
 
92.0
 
93.8
 
95.7
 
96.0
 
96.4
 
103.5
 
105.7
 
104.7
 
 
Korea
77.4
 
62.5
 
66.2
 
58.1
 
63.1
 
63.1
 
65.6
 
67.7
 
67.3
 
64.7
 
64.9
 
64.7
 
 
Luxembourg
108.4
 
113.5
 
100.9
 
117.2
 
115.4
 
111.4
 
109.8
 
106.1
 
100.5
 
98.7
 
98.4
 
98.7
 
 
Mexico
94.3
 
78.7
 
84.4
 
74.1
 
79.9
 
80.0
 
80.9
 
83.6
 
85.8
 
83.5
 
84.7
 
86.8
 
 
Netherlands
100.4
 
99.4
 
93.3
 
99.3
 
99.5
 
99.4
 
99.4
 
96.6
 
92.8
 
91.8
 
92.1
 
92.2
 
 
New Zealand
95.9
 
85.8
 
94.5
 
77.6
 
83.3
 
89.5
 
93.0
 
91.9
 
94.0
 
95.5
 
96.7
 
95.4
 
 
Norway
115.1
 
111.0
 
119.4
 
107.9
 
109.5
 
110.7
 
115.8
 
118.3
 
119.5
 
119.5
 
120.4
 
123.1
 
 
Poland
107.7
 
82.7
 
82.6
 
83.1
 
81.8
 
83.8
 
82.2
 
83.7
 
81.5
 
82.1
 
83.2
 
82.5
 
 
Portugal
100.3
 
98.7
 
99.3
 
99.3
 
98.0
 
98.1
 
99.6
 
99.5
 
98.7
 
99.1
 
100.0
 
100.0
 
 
Slovak Republic
111.0
 
110.9
 
104.8
 
117.8
 
111.2
 
107.1
 
107.8
 
107.5
 
106.3
 
102.4
 
102.9
 
101.9
 
 
Slovenia
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
 
Spain
111.0
 
109.9
 
106.2
 
109.1
 
109.6
 
110.4
 
110.6
 
108.3
 
105.7
 
105.2
 
105.6
 
105.4
 
 
Sweden
100.2
 
97.8
 
94.7
 
94.6
 
97.6
 
100.5
 
98.6
 
96.8
 
94.3
 
93.8
 
93.8
 
97.3
 
 
Switzerland
101.9
 
108.9
 
115.3
 
108.1
 
108.6
 
108.8
 
110.2
 
110.9
 
111.9
 
118.4
 
120.0
 
123.1
 
 
Turkey
91.4
 
72.7
 
75.6
 
74.9
 
72.7
 
71.9
 
71.3
 
73.6
 
76.2
 
76.3
 
76.1
 
70.4
 
 
United Kingdom
90.0
 
83.2
 
87.7
 
78.0
 
82.9
 
86.5
 
85.6
 
86.1
 
87.2
 
89.6
 
88.1
 
88.4
 
 
United States
87.1
 
90.5
 
85.3
 
97.0
 
92.1
 
87.9
 
85.0
 
85.8
 
87.2
 
85.7
 
82.4
 
80.7
 
 
Euro area
106.0
 
109.3
 
101.7
 
107.7
 
108.5
 
109.6
 
111.2
 
106.4
 
100.3
 
99.4
 
100.9
 
100.1
 
 
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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