EU finance ministers agree indicators

EU finance ministers agreed a set of 12 structural indicators to be used in member-states' intensifying efforts to reform and…

EU finance ministers agreed a set of 12 structural indicators to be used in member-states' intensifying efforts to reform and modernise their economies, officials said.

The set, selected from a list of 35, is intended to serve as a basis for council of ministers' discussions, to focus public debate and to provide a concise overview of states' performance, they said.

It is part of the EU's move, started a year ago, to become the "most competitive and dynamic knowledge-based economy in the world" in a decade.

The set highlights five aspects of the economy: the general economic background, employment, innovation and research, economic reform and social cohesion.

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The 12 indicators are:

  • GDP per capita and real GDP growth rate
  • employment rate by gender
  • employment rate of older workers
  • R&D expenditure
  • level of Internet access
  • ICT expenditures
  • prices in the network industries telecommunications and electricity
  • business investment
  • capital raised on stock markets
  • long-term unemployment rate
  • variation in unemployment rates across regions
  • early school-leavers not in further education or training

AFP