Belgium - Primary Industries Employment

Belgium: Primary Industries Employment

Mnemonic EPRI.IBEL
Unit Ths. #, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 0.51 %
Data 2019 Q2 58.9
2019 Q1 59.2

Series Information

Source National Bank of Belgium - Belgostat (BNB)
Release Gross domestic product
Frequency Quarterly
Start Date 3/31/1995
End Date 6/30/2019

Belgium: Labor

Reference Last Previous Units Frequency
Unemployment Aug 2019 500,313 494,741 #, NSA Monthly
Unemployment Rate Aug 2019 5.8 5.7 %, NSA Monthly
Labor Force Employment 2019 Q2 4,851 4,833 Ths. #, CDASA Quarterly
Primary Industries Employment 2019 Q2 58.9 59.2 Ths. #, CDASA Quarterly
Tertiary Industries Employment 2019 Q2 3,946 3,932 Ths. #, CDASA Quarterly
Total Employment 2019 Q2 4,851 4,833 Ths. #, CDASA Quarterly
Wage & Salaries 2019 Q2 57,708 57,097 Mil. EUR, CDASA Quarterly
Labor Force 2018 5,355 5,327 Thousands, NSA Annual
Agriculture Employment 2017 63,644 62,609 # Annual
Secondary Industries Employment 2017 554,078 551,125 # Annual

Release Information

Quarterly economic accounts form an integral part of the system of national accounts. The quarterly economic accounts constitute a coherent set of transactions, accounts and balancing items, defined in both the non-financial and financial domains, recorded on a quarterly basis.

There are three ways, usually called approaches, of calculating GDP:

  • Output approach
  • Expenditure approach
  • Income approach.

Each approach is based on a different view of the economic system using and measuring different aggregates. Together they give a summary of the logical relationships within the system of national accounts, and they should all give the same result for GDP if each item is estimated correctly.

The output approach is based on the calculation of output and intermediate consumption of the various industries of the economy. Gross value added of an industry is defined as the difference between output (basic prices) and intermediate consumption (basic prices).

Gross value added (basic prices) = Output (basic prices) - Intermediate consumption

GDP at market prices is then calculated as the sum of gross value added (basic prices) of all industries/branches plus taxes on products less subsidies on products.

Gross value added (market prices) = Gross value added (basic prices) + Taxes on products - Subsidies on products

The expenditure approach is based on estimates of the components of final demand:

GDP = Final consumption expenditure (by households, non-profit institutions serving households -NPISHs- and the government, in purchasers. prices) + Final consumption expenditure by the government + Gross fixed capital formation (purchasers. prices) + Changes in inventories (purchasers. prices) + Exports (f.o.b.) - Imports (c.i.f.)

The income approach calculates GDP from separate estimates of the components of the value added of industries, branches or sectors:

GDP = Compensation of employees + Gross operating surplus/mixed income + Taxes on production and imports - Subsidies.

Statistics Belgium annually re-references its chained year series. The base year is the 2 year's prior (t-2) and can be found in the Mnemonic description.