Home > Statistics > Wage and salary indices > 2015 > March > Wages and salaries sum grew by 1.7 per cent year-on-year in January to March

Published: 12 May 2015

Wages and salaries sum grew by 1.7 per cent year-on-year in January to March

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.7 per cent greater in the past January to March period than in the corresponding period twelve months earlier. In March alone, the wages and salaries sum of the whole economy grew by 3.3 per cent year-on-year. In the January to March period one year ago, the wages and salaries sum grew by 0.3 per cent.

Year-on-year change in wages and salaries sum in the 01-03/2015 and 01-03/2014 time periods, % (TOL 2008)

The wages and salaries sum grew in the January to March period in all main industries. The growth in the wages and salaries sum was fastest in the private health and social work (3.8 %), construction (3.5 %) and other services (2.7 %). The rising of the wages and salaries sum was most moderate in the private sector providing educational services and trade (0,5 %).

The wages and salaries sum grew by 2.2 per cent in the private sector in January to March year-on-year

The wages and salaries sum in the private sector was 2.2 per cent greater in the January to March period than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum grew by 0.7 per cent in the latest three-month period from twelve months back. In March alone, the wages and salaries sum in the private sector grew by 4 per cent and in the public sector by 2.1 per cent from one year earlier. In the January to March period one year ago the wages and salaries sum grew by 0.4 per cent in the public sector and 0.2 per cent in the private sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 01–03/2015 and 01–03/2014, % (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: Aki Niskanen 029 551 2657, Godfrey Lowndes 029 551 3423, palvelut.suhdanne@stat.fi

Director 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) (12.5.2015)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (12.5.2015)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (12.5.2015)

Revisions in these statistics

• Revisions in these statistics (12.5.2015)

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Updated 12.5.2015