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Introducing quarterly databases to assess industry-level developments in Portugal and the euro area

Author

Listed:
  • Sónia Cabral
  • Cláudia Duarte
  • José R. Maria

Abstract

High-quality economic analysis requires high-quality data. We construct quarterly industrylevel databases for Portugal and the euro area with a rich and homogeneous breakdown since 1995. The data facilitate international comparisons based on value added, wages, producer prices, hours worked and capital, disaggregated by industries, viz. construction, wholesale and retail trade or human health and social work activities. As an illustration we compare Portugal and the euro area in manufacturing and accommodation and food service activities over 1995Q1-2022Q4. We show that Portuguese value added and real producer wages, per hour, are consistently below those of the euro area in both industries. Capital per hour in manufacturing is systematically lower in Portugal, but not in accommodation and food service activities since the late 2000s. In both economies, manufacturing witnessed an upward trend in value added, real wages and capital stock, all per hour. In contrast, accommodation and food service activities recorded a downward trend in value added per hour and real hourly wages.

Suggested Citation

  • Sónia Cabral & Cláudia Duarte & José R. Maria, 2023. "Introducing quarterly databases to assess industry-level developments in Portugal and the euro area," Working Papers o202302, Banco de Portugal, Economics and Research Department.
    • Handle: RePEc:ptu:wpaper:o202302
    as

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    File URL: https://www.bportugal.pt/sites/default/files/documents/2024-01/OP202302_2.pdf
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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