In March 2007, the EU KLEMS Growth and Productivity Accounts were publicly released. These accounts include measures of output growth, employment and skill creation, capital formation and multifactor productivity (MFP) at the industry level for European Union member states from 1970 onwards....

With market services accounting for an increasing share of GDP as well as for differences in productivity growth performance across countries, the need for accurate measures of services output is becoming ever more important. In this article we first provide an international comparative...