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Harmonised competitiveness indicators based on consumer price indices*

Harmonised competitiveness indicators based on consumer price indices*

The purpose of harmonised competitiveness indicators (HCIs) is to provide consistent and comparable measures of euro area countries' price and cost competitiveness that are also consistent with the real effective exchange rates (EERs) of the euro. The HCIs are constructed using the same methodology and data sources that are used for the euro EERs. While the HCI of a specific country takes into account both intra and extra-euro area trade, however, the euro EERs are based on extra-euro area trade only. Therefore, the HCIs and euro EERs reflect different phenomena and are not directly comparable. The HCIs complement other competitiveness indicators published by some NCBs which may follow different methodologies and, in some cases, use different price and cost measures in order to account for the specific circumstances in the respective country.

Last update 2019-01-07 11:05:11
EU BE DE EE IE GR ES FR IT CY LV LT LU MT NL AT PT SI SK FI
1. Average 92.5932 102.3258 89.2193 133.3870 99.1309 96.1796 105.9682 92.6491 96.8370 98.9777 116.9526 133.9771 106.7542 107.1199 97.7852 98.0411 101.3037 99.2949 189.5928 94.6260
2. Growth rate to previous period -0.7971 -0.4459 -0.4257 -0.2212 -0.5143 -0.2922 -0.5574 -0.3226 -0.3853 -0.4389 -0.2252 -0.4763 -0.5369 -0.3694 -0.4362 -0.2506 -0.2227 -0.2802 -0.2393 -0.3145
3. Annual rate of change -0.1769 0.3954 0.0269 2.2413 -2.1644 -0.6585 0.4860 -0.3499 -0.3917 -0.1873 1.5869 0.5178 -0.8254 0.2667 -0.2718 0.3522 0.5187 0.0915 0.5417 0.0505
4. Percentage change since December 1998 (1998Q4 for quarterly data) -9.5860 1.2480 -12.1389 31.6509 -2.9355 -3.0525 5.5434 -8.3890 -4.0342 -2.6950 19.3642 38.7569 5.6091 7.8553 -3.1229 -2.7364 0.7908 -1.0626 89.9702 -6.9977
(period averages; index 1999 Q1=100)

Legend
·    Data unknown, not to be published or not meaningful
Some values may be estimated or preliminary.
Detailed information on the observation status can be found in the time series view.


* For the euro area, the real effective exchange rate of the euro vis-à-vis 38 trading partners is displayed. For euro area countries, the table shows the harmonised competitiveness indicators calculated vis-à-vis these same trading partners plus the other euro area countries. A positive change points to a decrease in price competitiveness. For further information please refer to the explanatory note.

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