Agricultural factor income per annual work unit (AWU) (source: EC services)
Publication date: 08 June 2018, GMT
Reporting period: 2001 - 2017
64 timeseries
Source:EUROSTAT
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Geopolitical entity (reporting)
Unit of measure

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Agricultural factor income per annual work unit (AWU) (source: EC services) - Eurostat

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The indicator is an important measure of the productivity of the agricultural sector. Agricultural factor income measures the income generated by farming, which is used to remunerate borrowed or rented factors of production (capital, wages and land rents) as well as own production factors (own labour, capital and land). Factor income corresponds to the deflated (real) net value added at factor cost of agriculture. The implicit price index of GDP is used as deflator. Annual work units (AWUs) are defined as full-time equivalent employment (corresponding to the number of full-time equivalent jobs), i.e. as total hours worked divided by the average annual number of hours worked in full-time jobs within the economic territory