Home > Statistics > Wage and salary indices > 2014 > January > Wages and salaries sum grew by 1.8 per cent year-on-year in November to January

Published: 14 March 2014

Wages and salaries sum grew by 1.8 per cent year-on-year in November to January

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.8 per cent greater in the past November to January period than in the corresponding period twelve months earlier. In January alone, the wages and salaries sum of the whole economy grew by 3.3 per cent year-on-year. There was one Friday more in January 2014 than in January 2013, which boosted the growth of the wages and salaries sum in several industries. In the November to January period one year ago, the wages and salaries sum grew by 1.2 per cent.

Year-on-year change in wages and salaries sum in the 11/2013-01/2014 and 11/2012-01/2014 time periods, % (TOL 2008)

The wages and salaries sum grew in the November to January period in almost all main industries. The growth was fastest in the private health and social work (5.2 %). By contrast, the wages and salaries sum fell in the private educational services sector (-0.1%) and financial intermediation (-1.6%).

The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options. The wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.

The wages and salaries sum grew by 1.9 per cent in the private sector in November to January year-on-year

The wages and salaries sum in the private sector was 1.9 per cent greater in the November to January period than in the respective time period twelve months earlier. The growth was slightly stronger than for wages and salaries in the public sector and in November to January the wages and salaries sum of the public sector increased by 1.6 per cent year-on-year.  There was one Friday more in January 2014 than in January 2013, which boosted the growth of the wages and salaries sum in the private sector. On year ago in November to January, the wages and salaries sum in the private and public sector grew by 1.3 per cent from one year earlier.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 11/2013–01/2014 and 11/2012–01/2013, % (TOL 2008 and S 2012)

Source: Wage and salary indices, Statistics Finland

Inquiries: Godfrey Lowndes 09 1734 3423, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in the sum of wages and salaries by industry and sector, % (TOL 2008 and S 2012) (14.3.2014)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (14.3.2014)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (14.3.2014)

Revisions in these statistics

• Revisions in these statistics (14.3.2014)

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Updated 14.3.2014