Home > Statistics > Wage and salary indices > 2018 > March > Wages and salaries sum grew by 4.4 per cent year-on-year in January to March

Published: 14 May 2018

Wages and salaries sum grew by 4.4 per cent year-on-year in January to March

According to Statistics Finland’s data, the wages and salaries sum of the whole economy was 4.4 per cent greater in the January to March period than in the corresponding period twelve months earlier. In March, the wages and salaries sum of the whole economy increased by 4.9 per cent from the year before. One year previously in January to March, the wages and salaries sum of the whole economy increased by 2.4 per cent.

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

In January to March, the wages and salaries sum grew fastest in construction, where the growth amounted to 8.0 per cent from one year ago. The wages and salaries sums of other services (6.9 %), manufacturing (5.1 %), private health and social work (3.1 %), trade (3.1 %) and financial intermediation (1.1 %) were also growing. The wages and salaries sum of private education declined by 0.3 per cent compared to the corresponding period of one year ago.

The wages and salaries sum grew by 6.2 per cent in the private sector in January to March from one year ago

The wages and salaries sum in the private sector was 6.2 per cent greater in January to March than twelve months earlier. The wages and salaries sum of the public sector was 1.6 per cent higher than in the corresponding period one year previously. In March, the wages and salaries sum in the private sector increased by 6.8 per cent and in the public sector by 1.2 per cent from one year earlier. In the January to March period one year ago, the wages and salaries sum grew by 4.1 per cent in the private sector, while in the public sector the wages and salaries sum decreased 0.4 per cent from one year ago.

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: Anna Mustonen 029 551 3651, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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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) (14.5.2018)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (14.5.2018)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (14.5.2018)

Revisions in these statistics

• Revisions in these statistics (14.5.2018)

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Updated 14.5.2018