This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
The Employment Cost Index (ECI) is a quarterly measure of the change in the price of labour, defined as compensation per employee hour worked. |
| Concept |
The Employment Cost Index essentially measures the change in total employee compensation each quarter. It is based on a survey of employer payrolls conducted by the Bureau of Labour Statistics in the final month of each quarter. |
| Rationale |
While the CPI is a measure of inflation in consumer prices, the ECI is vital as an indication of whether employment cost changes are rising or falling and so it measures inflation of wages, and employer-paid benefits. |
| Sustainable Development Goal Indicator Alignment |
8.5.1 |
| Frequency of Collection |
*NSDP- HIES(3-5 years *National Population & Housing Census (10 years) |