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Wage and salary earners' nominal earnings level rose by 5.0 per cent in October to December 2023 from one year ago

Release related to topics:Work, wages and livelihood
release | Index of wage and salary earnings 2023, 4th quarter

According to Statistics Finland’s preliminary data, the index of wage and salary earnings, which measures the growth in the nominal earnings of full-time wage and salary earners, rose by 5.0 per cent in October to December 2023 when compared with the respective period in 2022. Over the same period, the real earnings level of wage and salary earners rose by 1.0 per cent because the rise in earnings level was faster than that in consumer prices.

Key selections

  • In October to December 2023, the annual change in wage and salary earners' nominal level of earnings was the biggest annual change since 2008.
  • Examined by employer sector, the nominal earnings level of wage and salary earners rose most in local government in October to December 2023.
  • The index for regular earnings, which better describes permanent changes in the level of earnings, rose in October to December 2023 less than the index of wage and salary earnings.
  • In October to December 2023, the real earnings of wage and salary earners were clearly lower than the peak of 2021.

Database tables

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Updated database tables
13ru
Classifications used:
  • Sector
  • Base of payment
  • Gender
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quarter
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13rv
Classifications used:
  • Sector
  • Base of payment
  • Gender
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year
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13dz
Classifications used:
  • Base of payment
  • Standard Industrial Classification TOL 2008
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quarter
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13ea
Classifications used:
  • Base of payment
  • Standard Industrial Classification TOL 2008
Reference period cycle:
year
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Statistics:
Updated:
11zt
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    122j
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      year
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      11zu
      Classifications used:
      • Sector
      • Gender
      Reference period cycle:
      quarter
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      122k
      Classifications used:
      • Sector
      • Gender
      Reference period cycle:
      year
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      Documentation

      Description of the production, used methods and quality of the statistics.

      Go to documentation of the statistics

      Referencing instructions

      Official Statistics of Finland (OSF): Index of wage and salary earnings [online publication].
      Reference period: 2023, 4th quarter. ISSN=1798-7814. Helsinki: Statistics Finland [Referenced: 16.11.2024].
      Access method:

      Statistical experts

      Inquiries primarily

      Service email
      palkat.indeksit@stat.fi
      Jukka Tapio
      Senior Statistician
      029 551 3429

      Other experts

      Harri Nummila
      Senior Statistician
      029 551 3235

      Head of Department in charge

      Hannele Orjala
      Head of Department in charge
      029 551 3582