Home > Statistics > Wage and salary indices > 2020 > December > Wages and salaries sum grew by 0.2 per cent in October to December year-on-year

Published: 12 February 2021

Wages and salaries sum grew by 0.2 per cent in October to December year-on-year

According to Statistics Finland, the wages and salaries sum of the whole economy was 0.2 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 0.8 per cent from the year before. One year previously in October to December, the wages and salaries sum of the whole economy increased by 2.3 per cent.

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

In October to December, the wages and salaries sum increased in the industries of private health and social work (6.2%), private education (1.4%), construction (1.2%), manufacturing (0.7%), financial intermediation (0.7%) and trade (0.6%). The wages and salaries sum of other services (-3.1%) decreased compared to the corresponding period of the year before.

Wages and salaries sum decreased by 0.2 per cent in the private sector in October to December year-on-year

The wages and salaries sum in the private sector was 0.2 per cent lower in October to December than twelve months earlier. The wages and salaries sum of the public sector was 2.4 per cent higher than in the corresponding period one year previously. In December, the wages and salaries sum in the private sector increased by 1.1 per cent and in the public sector by 2.1 per cent from one year earlier. In the October to December period the year before, the wages and salaries sum grew by 2.7 per cent in the private sector and by 2.0 per cent in the public sector from the year before.

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 this statistical release 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 2019-2020. 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, palvelut.suhdanne@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) (12.2.2021)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (12.2.2021)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (12.2.2021)

Revisions in these statistics

• Revisions in these statistics (12.2.2021)

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Updated 12.2.2021