Economy and finance
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The labour productivity is the ratio of gross domestic product at current price (nominal) to total hours worked by employees and self-employed (domestic concept). The GDP per hour worked gives an indication of how much economic production activity can be attributed to each hour worked in the e...
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Employees correspond to the ILO definition of 'paid employment'. The relationship of employer to employee exists when there is a contract, which may be formal or informal, between an enterprise and a person, entered into voluntarily by both parties, whereby the person works for the enterpr...
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A country’s terms of trade measures a country's export prices in relation to its import prices. The terms of trade are a measure of a country's trade competitiveness since they indicate how much imports an economy can get for a unit of export goods and services. They are calculated as the rati...
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