Home > Statistics > Wage and salary indices > 2018 > January > Wages and salaries sum grew by 4.0 per cent year-on-year in November to January

Published: 13 March 2018

Wages and salaries sum grew by 4.0 per cent year-on-year in November to January

According to Statistics Finland, the wages and salaries sum of the whole economy was 4.0 per cent greater in the past November to January. In January alone, the wages and salaries sum of the whole economy increased by 4.5 per cent from one year ago. One year previously in November to January the wages and salaries sum increased by 2.6 per cent.

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

In November to January, the wages and salaries sum went up in all main industries. The wages and salaries sum grew fastest in construction (7.7 %), other services (6.1 %), manufacturing (3.4 %), private health and social work (2.7 %) and trade (1.9 %). The increase in the wages and salaries sum was most moderate in private education (0.2 %) and financial intermediation (0.5 %).

The wages and salaries sum grew by 5.2 per cent in the private sector in November to January year-on-year

The wages and salaries sum in the private sector was 5.2 per cent greater in November to January In the public sector, the wages and salaries sum grew by 2,7 In January alone, the wages and salaries sum in the private sector grew by 6.0 per cent from one year earlier. In January, the wages and salaries sum in the public sector increased by 2.9 per cent from one year earlier. In the November to January period one year ago, the wages and salaries sum increased by 3.7 per cent in the private sector and by 0.6 cent in the public sector.

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.

From this release onwards the wage and salary indices will adopt base year 2015=100.

Source: Wage and salary indices, Statistics Finland

Inquiries: Anna Mustonen 029 551 2659, palvelut.suhdanne@stat.fi

Director in charge: Sami Saarikivi

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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) (13.3.2018)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.3.2018)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.3.2018)

Revisions in these statistics

• Revisions in these statistics (13.3.2018)

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Updated 13.3.2018