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Latest publication: Wage and salary indices 2022, January

Published: 14 June 2021

Wages and salaries sum grew by 2.9 per cent in February to April year-on-year

According to Statistics Finland’s data, the wages and salaries sum of the whole economy was 2.9 per cent greater in the February to April period than in the corresponding period twelve months earlier. In April, the wages and salaries sum of the whole economy increased by 5.9 per cent from the year before. The development was partly due to the exceptional situation caused by the coronavirus one year earlier. One year previously in February to April, the wages and salaries sum of the whole economy increased by 0.8 per cent.

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

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

In February to April, the wages and salaries sum grew fastest in private health and social work, where the growth amounted to 5.1 per cent from one year ago. The wages and salaries sums of manufacturing (4.4%), private education (4.2 %), financial intermediation (3.7%), trade (3.6%) and construction (1.3%) also grew. The wages and salaries sum of other services (-0.1%) decreased compared to the corresponding period of the year before.

Wages and salaries sum grew by 2.5 per cent in the private sector in February to April year-on-year

The wages and salaries sum in the private sector was 2.5 per cent higher in February to April compared to one year ago. The wages and salaries sum of the public sector was 4.8 per cent higher than in the corresponding period one year previously. In April, the wages and salaries sum in the private sector increased by 5.9 per cent and in the public sector by 6.0 per cent from one year earlier. In the February to April period one year ago, the wages and salaries sum grew by 0.9 per cent in the private sector and by 1.0 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)

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

Head of Department in charge: Hannele Orjala

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Updated 14.6.2021

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. April 2021. Helsinki: Statistics Finland [referred: 29.5.2022].
Access method: http://www.stat.fi/til/ktps/2021/04/ktps_2021_04_2021-06-14_tie_001_en.html