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OECD Factbook 2008

Economic, Environmental and Social Statistics

image of OECD Factbook 2008
OECD Factbook 2008 is the fourth edition of a comprehensive and dynamic statistical annual from the OECD. More than 100 indicators cover a wide range of areas: economy, agriculture, education, energy, environment, foreign aid, health and quality of life, industry, information and communications, population/labour force, trade and investment, taxation, public expenditure and R&D. This year, the OECD Factbook features a focus chapter on productivity. Data are provided for all OECD member countries with area totals, and in some cases, for selected non-member economies. For each indicator, there is a two-page spread. A text page includes a short introduction followed by a detailed definition of the indicator, comments on comparability of the data, an assessment of long-term trends related to the indicator, and a list of references for further information on the indicator. The next page contains a table and a graph providing - at a glance - the key message conveyed by the data. A dynamic link (StatLink) is provided for each table directing the user to a web page where the corresponding data are available in Excel® format.

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Labour compensation

Labour compensation per unit labour input shows the average compensation received by employees of businesses, either per hour worked or on an annual basis per employee. Annual growth rates based on data in national currency show relative changes over time in labour compensation across countries. Adjusting by purchasing power parity (PPP) converts all countries data to a common currency allowing meaningful cross country comparisons of data in levels to be made. The country data can be interpreted as the quantity of equivalent goods and services that could be purchased for the compensation received for labour services rendered. The data presented here are an output of the OECD System of Unit Labour Cost and Related Indicators which produces annual and quarterly unit labour cost and related indicators (e.g., labour compensation per unit labour input, labour productivity) according to a specific methodology to ensure data are comparable across all OECD countries.

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