News Local Index for agricultural labour productivity in Cyprus rises

Index for agricultural labour productivity in Cyprus rises

The index for agricultural labour productivity is estimated to have increased slightly for the EU in 2019 (+2%) compared to 2018, according to Eurostat.

In Cyprus the increase was 1.8% and in Greece 7.6%.

The labour productivity in agricultural industry can be measured as factor income expressed per full-time labour equivalent.

It is a measure of the net value added by the equivalent of each full-time worker in the agricultural industry and it is measured in real terms (adjusted for inflation) and expressed as an index (so-called Indicator A).

Therefore, the development of this index is influenced by the real income generated in agriculture and/or the changes in labour, Eurostat said.

After a decline in 2018, a majority of Member States recorded rises in this index of agricultural income in 2019.

The highest rates of increases were reported for Denmark (+68%), followed by Estonia (+38%), Germany (+32%), Sweden (+28%) and Lithuania (+27%).

On the other hand, three of the large countries which contribute almost half of the EU factor income reported decreases: Spain (-10%), France (-8%) and Italy (-3%).

Read more:

https://in-cyprus.com/total-agricultural-output-in-cyprus-was-e0-7b-in-2018/

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