Wage and salary earners' earnings rose by three per cent in October-December

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rose by 3.0 per cent in October-December 2009 when compared with the respective period in 2008. The year-on-year rise in real earnings adjusted for the change in consumer prices stood at 4.0 per cent in the fourth quarter of 2009. Real earnings went up faster than nominal earnings in the fourth quarter because consumer prices fell from year's 2008 respective time period.

During the period from October-December 2008 to the respective period in 2009 the nominal earnings of wage and salary earners rose in the central government sector by 4.7 per cent, in the local government sector by 3.4 per cent and in the private sector by 2.6 per cent.

Compared with the year before, the average increase in the level of earnings during 2009 was 3.9 per cent and the increase in real earnings was also 3.9 per cent according to preliminary data.

Index of wage and salary earnings 2005=100 and year-on-year change in earnings

Year and quarter	2005=100	Year-on-year change in level of earnings	Year-on-year change in real earnings
2009*	116,7	3,9	3,9
2009/1*	114,9	4,3	2,6
2009/2*	116,2	4,3	4,1
2009/3*	117,1	4,2	5,1
2009/4*	118,6	3,0	4,0

Wage and salary earners' regular earnings increased by 3.6 per cent in October-December

According to preliminary data of Statistics Finland, wage and salary earners' regular earnings rose by 3.6 per cent in October-December 2009 when compared with the respective period in 2008. The year-on-year increase in regular earnings in the fourth quarter was 0.6 percentage points faster than that of the index of wage and salary earnings, as the performance-based bonuses included in the index of wage and salary earnings decreased in the fourth quarter.

During the period from October-December 2008 to the respective period in 2009 regular earnings rose both in the private sector and in the local government sector by 3.4 per cent. In the central government sector regular earnings rose by 4.7 per cent.

Wage and salary earners' regular earnings refer to earnings for regular working hours exclusive of performance-based bonuses and other irregularly paid one-off items.

Source: Index of wage and salary earnings, 4th quarter 2009. Statistics Finland

Inquiries: Mr Harri Nummila +358 050 5003310, Mr Pekka Haapala +358 9 1734 3460, palkat.indeksit@stat.fi

Director in charge: Mr Kari Molnar

Index of wage and salary earnings 2009, 4th quarter (pdf 288.8 kB)

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Last updated 5.2.2010

Referencing instructions:

Official Statistics of Finland (OSF): Index of wage and salary earnings [e-publication].
ISSN=1798-7814. 4th quarter 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ati/2009/04/ati_2009_04_2010-02-05_tie_001_en.html