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Employment and Compensation of Employees in National Accounts

The purpose of the national accounts is to give a detailed overall picture of the economy within the framework of a system of coherent definitions and classifications. Employment, compensation of employees and hours worked describe labour market developments in accordance with the definitions and classifications of national accounts, facilitating comparison of developments in the labour market with developments in other variables compiled in the national accounts, e.g. GDP, production values and value added.

Statistical presentation

For many analytical purposes it is useful to include information on labour inputs in production. In such cases, definitions of labour inputs must be consistent with the concepts used in national accounts.

Labour inputs in production are shown by employment (measured by the number of persons employed) and hours worked.

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Statistical processing

The primary statistical basis for compiling employment, compensation of employees and hours worked in Denmark's national accounts is the working time accounts (WTA), which integrates the existing labour market statistics.

In selected areas, alternative sources are applied in order to obtain consistency with the remaining national accounts, and supplementary sources are utilized in order to fulfill the obligations of ESA2010.

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Relevance

As fundamental data for everyone dealing with socioeconomic conditions like economic ministries, organizations, the press, the financial sector, larger companies, students and researchers. Quarterly national accounts are used as the basis for analyzing the economic development. National accounts continuously evaluate feedback from users via national and international forums.

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Accuracy and reliability

The inaccuracy of the national accounts figures relates to the inaccuracy of the various sources used. In relation to employment, compensation of employees and hours worked, the combination of primary sources consisting of official statistics based on register data and the use of a coherent framework facilitating cross checks help maintain a reasonably accuracy of the figures.

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Timeliness and punctuality

The quarterly national accounts are published first time 60 days after the end of the quarter and in a revised form 90 days after the end of the quarter. The quarterly sector accounts are published 90 days after the end of the quarter. The statistics are published according to schedule. The statistics are published according to schedule.

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Comparability

It is a fundamental imperative that national accounts to the largest possible extent are comparable over time. This means e.g. that new sources always have to be adapted to the concepts of the national accounts, and that changes of existing sources cannot be seen directly as changes of variables and concepts in the national accounts statistics.

The quarterly national accounts are consistent with the annual national accounts.

Internationally there is a high degree of comparability with the national accounts of other countries because the Danish national accounts are compiled in accordance with the definitions in the European System of National Accounts ESA2010.

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Accessibility and clarity

Current publication:

  • http://www.statbank.dk, subject: National accounts and government finances.
  • https://www.dst.dk, subject: National accounts and government finances.

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