Service Navigation

Harmonised competitiveness indicators based on GDP deflators*

Harmonised competitiveness indicators based on GDP deflators*

DE

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 2019-01-31 04:11:49
EU BE DE EE IE GR ES FR IT CY LV LT LU MT NL AT PT SI SK FI
1. Average 87.7513 98.6709 85.5923 169.2491 102.0364 87.9027 102.2112 90.3560 97.0996 103.7403 142.0045 152.7173 115.5297 115.1739 97.0151 97.1288 106.0418 96.0873 157.6896 96.9806
2. Growth rate to previous period 0.5734 -0.4102 0.5731 1.9151 -0.6831 0.2152 0.2953 0.2235 -0.4009 0.8987 0.7267 2.0260 0.3743 -0.4834 1.0260 0.1567 0.2235 0.3879 0.4691 0.4868
3. Annual rate of change -0.0836 -0.5757 0.4547 4.3294 -2.0984 -1.0849 -0.4658 -0.5935 -0.6920 1.0633 2.5117 2.0766 1.9358 0.1001 0.7854 0.0726 -0.2728 0.9943 0.7104 1.2354
4. Percentage change since December 1998 (1998Q4 for quarterly data) -14.8475 -2.6301 -15.7284 69.9996 -0.4356 -10.6791 1.9066 -10.8409 -4.7675 1.9017 43.6199 55.0663 18.0402 15.2546 -4.4364 -3.3824 6.1682 -4.3311 61.3854 -4.8192
(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·    Data unknown, not to be published or not meaningful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 19 trading partners is displayed. For euro area countries, the table shows the harmonised competitiveness indicators calculated vis-à-vis the same 19 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.

To the top