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Wage and salary earners' nominal earnings level rose by 4.9 per cent in July to September 2023 from one year ago

Release related to topics:Work, wages and livelihood
release | Index of wage and salary earnings 2023, 3rd quarter

Change

Changes in the releases of the index of wage and salary earnings
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According to Statistics Finland’s preliminary data, the index of wage and salary earnings, which measures the growth in the nominal earnings of full-time wage and salary earners, rose by 4.9 per cent in July to September 2023 when compared with the respective period in 2022. Over the same period, the real earnings level of wage and salary earners decreased by 0.9 per cent because the rise in consumer prices was faster than that of the earnings level. However, during 2023, the real earnings level of wage and salary earners has started to rise.

Key selections

  • In July to September 2023, the annual change in wage and salary earners' nominal level of earnings was the biggest annual change in the development of the level of earnings since 2008.
  • Examined by employer sector, the nominal earnings level of wage and salary earners rose most in local government in July to September 2023.
  • The index for regular earnings, which better describes permanent changes in the level of earnings, rose in July to September 2023 clearly less than the index of wage and salary earnings.
  • An error in the consumer price index also had an effect on measuring the development of real earnings.

Change

Changes in the releases of the index of wage and salary earnings
Read more about the change

Database tables

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Updated database tables
13ru
Classifications used:
  • Sector
  • Base of payment
  • Gender
Reference period cycle:
quarter
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quarter
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13rv
Classifications used:
  • Sector
  • Base of payment
  • Gender
Reference period cycle:
year
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Updated:
13dz
Classifications used:
  • Base of payment
  • Standard Industrial Classification TOL 2008
Reference period cycle:
quarter
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quarter
Statistics:
Updated:
13ea
Classifications used:
  • Base of payment
  • Standard Industrial Classification TOL 2008
Reference period cycle:
year
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quarter
Statistics:
Updated:
11zt
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    Reference period cycle:
    quarter
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    122j
    Classifications used:
      Reference period cycle:
      year
      Updating frequency:
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      Statistics:
      Updated:
      11zu
      Classifications used:
      • Sector
      • Gender
      Reference period cycle:
      quarter
      Updating frequency:
      quarter
      Statistics:
      Updated:
      122k
      Classifications used:
      • Sector
      • Gender
      Reference period cycle:
      year
      Updating frequency:
      quarter
      Statistics:
      Updated:

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      Documentation

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      Go to documentation of the statistics

      Referencing instructions

      Official Statistics of Finland (OSF): Index of wage and salary earnings [online publication].
      Reference period: 2023, 3rd quarter. ISSN=1798-7814. Helsinki: Statistics Finland [Referenced: 16.10.2024].
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      Statistical experts

      Inquiries primarily

      Service email
      palkat.indeksit@stat.fi
      Jukka Tapio
      Senior Statistician
      029 551 3429

      Other experts

      Harri Nummila
      Senior Statistician
      029 551 3235

      Head of Department in charge

      Hannele Orjala
      Head of Department in charge
      029 551 3582