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Labour costs are a crucial factor in the ability of enterprises and countries to compete. When specific to the manufacturing sector, labour costs serve as an indicator of competitiveness of manufactured goods in world trade. This is why governments, social partners, researchers and national and international institutions are interested in labour cost information that can be compared between countries and industries.
Competitiveness Indicators (COMP database)
Concise description of concepts and definitions, uses, sources and limitations for competitiveness indicators (labour productivity, labour cost and CPI).
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