Home > Statistics > Wage and salary indices > 2021 > March > Wages and salaries sum grew by 0.3 per cent year-on-year in January to March

Published: 14 May 2021

Wages and salaries sum grew by 0.3 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 0.3 per cent greater in January to March than in the corresponding period twelve months earlier. In March, the wages and salaries sum of the whole economy grew by 1.2 per cent from the year before. One year previously in January to March, the wages and salaries sum of the whole economy increased by 2.7 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 increased in the industries of private health and social work (3.0%), trade (2.1%), private education (2.0%), financial intermediation (1.9%) and manufacturing (1.5%). The wages and salaries sums of other services (-3.5%) and construction (-1.8%) decreased compared with the corresponding period of the year before.

Wages and salaries sum fell by 0.3 per cent year-on-year in the private sector in January to March

The wages and salaries sum in the private sector was 0.3 per cent lower in January to March than twelve months earlier. The wages and salaries sum of the public sector was 3.0 per cent higher than in the corresponding period one year previously. In March, the wages and salaries sum in the private sector increased by 1.2 per cent and in the public sector by 3.5 per cent from one year earlier. In January to March one year ago, the wages and salaries sum grew by 3.7 per cent in the private sector and by 0.6 per cent in the public sector from the previous year.

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.

In connection with the release of data for March 2021, permanent level shifts (LS) have been introduced in seasonal adjustment of wage and salary indices. Read more about the change: Changes 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) (14.5.2021)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (14.5.2021)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (14.5.2021)

Revisions in these statistics

• Revisions in these statistics (14.5.2021)

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Updated 14.5.2021