Harmonised competitiveness indicators based on unit labour costs indices for the total economy: Éire/Ireland

(period averages - index 1999 Q1=100)

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2015Q1Q2Q3Q4
Notes:
  1.  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 cost competitiveness. For further information please refer to the explanatory note.
1. Period average102.6···
2. Percentage change versus previous period-4.8···
3. Percentage change versus previous year-7.5···
4. Percentage change since 1998 Q4-2.3···

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.

User support
Euro area - European Central Bank
statistics@ecb.europa.eu
DE - Deutsche Bundesbank
effektive-wechselkurse@bundesbank.de
2015Q1Q2Q3Q4
Notes:
  1.  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 cost competitiveness. For further information please refer to the explanatory note.
1. Period average102.6···
2. Percentage change versus previous period-4.8···
3. Percentage change versus previous year-7.5···
4. Percentage change since 1998 Q4-2.3···