Labor productivity change in pharma industry in the Netherlands 2005-2015

Labor productivity change in the pharmaceutical industry in the Netherlands from 2005 to 2015

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Source

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Release date

July 2018

Region

Netherlands

Survey time period

2005 to 2015

Supplementary notes

Definitions according to the source:
Consolidated production: 'The production in a given year minus internal deliveries. The production remaining when a unit (industry, branch, commercial sector) is described as one single company.'
Labor productivity: 'The change of consolidated production or value added per unit of labour volume. Labour volume here is the hours worked.'

The source notes, this statistic shows the 'the change of consolidated production per unit of labour volume. Labour productivity is calculated here as consolidated production per hour worked.'
Moreover, the source adds: 'The official SN calculations use an ex ante interest rate based on the internal reference rate of banks and a risk premium for calculating capital services. The model allows for profits to be made as opposed to the neoclassical model.'

* The figure for 2014 is provisional.

The source states, this category includes the 'manufacture of basic pharmaceutical products and pharmaceutical preparations'.

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