Home > Statistics > Wage and salary indices > 2020 > January > Wages and salaries sum grew by 2.5 per cent in November to January year-on-year

Published: 13 March 2020

Wages and salaries sum grew by 2.5 per cent in November to January year-on-year

According to Statistics Finland, the wages and salaries sum of the whole economy was 2.5 per cent greater in the November to January period than in the corresponding period twelve months earlier. In January, the wages and salaries sum of the whole economy grew by 4.6 per cent from the year before. One year previously in November to January, the wages and salaries sum of the whole economy increased by 4.9 per cent.

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

The wages and salaries sum grew in November to January in all main industries. The wages and salaries sum grew fastest in the industries of private health and social work (7.3%), other services (3.9%), private education (3.0%), construction (2.7%) and trade (2.5%). The increase in the wages and salaries sum was most moderate in the industries of financial intermediation (1.8%) and manufacturing (2.0%).

Wages and salaries sum grew by 3.6 per cent in the private sector in November to January from one year back

The wages and salaries sum in the private sector was 3.6 per cent greater in November to January compared to the previous year. The wages and salaries sum of the public sector was 0.5 per cent higher than in the corresponding period one year previously. In January, the wages and salaries sum of the private sector increased by 7.4 per cent while the wages and salaries sum of the public sector decreased by 1.7 per cent from the previous year. In the November to January period one year ago, the wages and salaries sum grew by 5.2 per cent in the private sector and by 5.9 per cent in the public sector from the year before.

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.

Source: Wage and salary indices, Statistics Finland

Inquiries: Heidi Myllylä 029 551 3473, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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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) (13.3.2020)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.3.2020)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.3.2020)

Revisions in these statistics

• Revisions in these statistics (13.3.2020)

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Updated 13.3.2020