Indices for area totals are annually chain-linked Laspeyres indices. The weights for each individual link are based on the previous year’s data for compensation of employees in industry excluding construction (source: National accounts) and relevant purchasing power parity (PPP).
For more details on compilation methodology for OECD area totals, please see: http://www.oecd.org/document/56/0,2340,en_2649_33715_2073848_1_1_1_1,00.html
The following countries are excluded from the zones ‘OECD-Total excluding high inflation' and ‘OECD-Europe excluding high inflation' for the following years: Czech Republic 1970-1994; Greece 1970-1994; Hungary 1970-1999; Iceland 1970-1989; Mexico 1970-1999; Poland 1970-1999; Portugal 1970-1989; Slovak Republic 1970-1994; Turkey 1970-now. For more information, see the paper MA zones, chain linking and weights.
|All Higher Levels|
Subject: Labour compensation > Earnings
Country: Major Seven
Main Economic Indicators