Harmonised competitiveness indicators based on unit labour costs indices for the total economy1): Estonia
(period averages; index 1999 Q1=100)
For the euro area, the real effective exchange rate of the euro vis-à-vis 21 trading partners is displayed. For euro area countries, the table shows the harmonised competitiveness indicators calculated vis-à-vis the same 21 trading partners plus the other euro area countries. A positive change points to a decrease in cost competitiveness. For further information please refer to the explanatory note.