Definition: Productivity and growth accounts

Category: European System of Accounts (ESA)

Measuring and analysing productivity growth is used in understanding the major changes in industry structure and
the rise in living standards during the past century in many countries. Measuring and analysing productivity growth is also used to form policies that stimulate productivity growth and raise prosperity, while also taking into account other policy considerations such as equity and environmental issues. http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727