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Glosario de términos


  • Labour force
    The sum total of workers in employment and unemployed.
  • Labour productivity
    The output that can be produced with a given input of labour. Labour productivity can be measured in several ways, but it most commonly measured as GDP at constant prices divided by either total employment or total hours worked.
  • Legal interest rate

    In accordance with the Spanish Civil Code, this is the interest rate applied as compensation for damages and losses where debtors fall into arrears (are delayed in meeting their obligations) and no specific interest has been agreed. It is established in the General Budget Law, following the trends in the financial markets.

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