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Harmonised competitiveness indicators based on GDP deflators*

Harmonised competitiveness indicators based on GDP deflators*

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 2019-05-22 09:00:03
EU BE DE EE IE GR ES FR IT CY LV LT LU MT NL AT PT SI SK FI
1. Average 87.1566 98.8101 85.1963 167.7887 102.8260 87.4315 102.1266 90.0342 96.5034 101.6278 142.9396 153.8207 116.7449 115.2918 96.8026 96.8241 105.9185 95.2307 157.0696 96.0985
2. Growth rate to previous period -0.7119 0.0524 -0.5180 -0.7613 0.8728 -0.6322 -0.1136 -0.4390 -0.3811 -0.4449 0.6281 1.0816 -0.6730 -0.4856 -0.3548 -0.4522 -0.4535 -0.6286 -0.2296 -0.6114
3. Annual rate of change -0.5238 -0.3292 0.0743 3.1001 -0.4244 -0.9858 -0.9278 -0.5979 -1.0726 -1.3515 2.6745 2.5609 1.6535 0.1047 0.6444 -0.1961 -0.3325 -0.1210 0.2566 0.6324
4. Percentage change since December 1998 (1998Q4 for quarterly data) -15.3394 -2.4680 -16.0585 68.5811 0.3484 -11.1403 1.8408 -11.1304 -5.3146 -0.1053 44.7502 56.4833 19.2490 15.3790 -4.6175 -3.6546 6.0598 -5.1465 60.9176 -5.6533
(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·    Data unknown, not to be published or not meaningful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.

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