The table containing competitiveness indicators show the index of the nominal harmonised competitiveness indicator (HCI) and real harmonised competitiveness indicators.
The nominal HCIs of a euro area country aim to track changes in the value of the euro relative to the currencies of its principal trading partners.
The real HCIs aim to assess a euro area country’s price or cost competitiveness relative to its principal competitors in international markets. They are calculated as the nominal HCIs deflated by consumer price indices (CPIs), producer price indices (PPIs), GDP deflators and unit labour costs for the total economy (ULCT).