Home > Statistics > Wage and salary indices > 2017 > December > Wages and salaries sum grew by 2.9 per cent year-on-year in October to December

Published: 13 February 2018

Wages and salaries sum grew by 2.9 per cent year-on-year in October to December

According to Statistics Finland, the wages and salaries sum of the whole economy was 2.9 per cent greater in the past October to December period than in the corresponding period twelve months earlier. In December, the wages and salaries sum of the whole economy grew by 2.2 per cent from the year before. One year previously in October to December, the wages and salaries sum of the whole economy increased by 1.5 per cent.

Three months’ year-on-year change in the wages and salaries sum, % (TOL 2008)

In October to December, the wages and salaries sum grew fastest in construction, where the growth amounted to 6.1 per cent from one year ago. The wages and salaries sums of other services (5.1%), manufacturing (2.8%), trade (2.5%), private health and social work (2.4%) and financial intermediation (0.7%) also grew. The wages and salaries sum of private education (-0.2%) decreased compared to the corresponding period of one year ago.

The wages and salaries sum grew by 4.5 per cent in the private sector in October to December year-on-year

The wages and salaries sum in the private sector was 4.5 per cent greater in October to December than twelve months earlier. The wages and salaries sum of the public sector was 0.8 per cent higher than in the corresponding period one year previously. In December, the wages and salaries sum in the private sector increased by 3.3 per cent and in the public sector by 1.1 per cent from one year earlier. In the October to December period one year ago, the wages and salaries sum grew by 2.5 per cent in the private sector, while in the public sector the wages and salaries sum decreased by 0.1 per cent from one year ago.

Three months’ year-on-year change in the wages and salaries sum of the whole economy, and the private and the public sector, % (TOL 2008 and S 2012)

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 wage and salary indices will adopt base year 2015=100 from the January 2018 data. Data using the new base year will be published for the first time on 13 March 2018.

Source: Wage and salary indices, Statistics Finland

Inquiries: Anna Mustonen 029 551 3651, palvelut.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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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) (13.2.2018)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.2.2018)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.2.2018)

Revisions in these statistics

• Revisions in these statistics (13.2.2018)

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Updated 13.2.2018