Home > Statistics > Wage and salary indices > 2021 > December > Wages and salaries sum grew by 5.2 per cent in October to December year-on-year

Published: 14 February 2022

Wages and salaries sum grew by 5.2 per cent in October to December year-on-year

According to Statistics Finland, the wages and salaries sum of the whole economy was 5.2 per cent greater in the 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 5.4 per cent from the year before. One year previously in October to December, the wages and salaries sum of the whole economy increased by 1.2 per cent.

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

The wages and salaries sum grew in all main industries in October to December. The wages and salaries sum grew most in the industries of other services (7.9%), private education (5.4%) and private health and social work (5.3%). The wages and salaries sum increased more moderately in the industries of trade (4.1%), financial intermediation (4.2%), manufacturing (4.3%) and construction (4.4%).

Wages and salaries sum grew by 6.0 per cent in the private sector in October to December year-on-year

The wages and salaries sum in the private sector was 6.0 per cent greater in October to December than twelve months earlier. The wages and salaries sum in the public sector was 3.5 per cent higher than in the corresponding period one year previously. In December, the wages and salaries sum in the private sector increased by 6.3 per cent and in the public sector by 3.2 per cent from one year earlier. In the October to December period the year before, the wages and salaries sum grew by 0.8 per cent in the private sector and by 3.3 per cent in the public sector from the previous year.

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.

Industries of enterprises have been revised in the data released in February

Starting from statistical release published in February 2022 the latest industries defined by the Business Register have been taken into use in the turnover and wage and salary indices. The industry corrections are visible as revised data in some of the published industries for the years 2020-2021. The effects of the changes are taken into consideration in statistics production so that no breaks occur in the time series of the published index series. The interpretation of the statistics also remains unchanged in the renewal. Revisions to annual changes in industries are presented under Revisions in these statistics .

Source: Wage and salary indices, Statistics Finland

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

Head of Department 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) (14.2.2022)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (14.2.2022)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (14.2.2022)

Revisions in these statistics

• Revisions in these statistics (14.2.2022)

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Updated 14.2.2022