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Published: 11 June 2014

Wages and salaries sum grew by 0.1 per cent year-on-year in February to April

According to Statistics Finland, the wages and salaries sum of the whole economy was 0.1 per cent greater in the past February to April period than in the corresponding period twelve months earlier. In April alone, the wages and salaries sum of the whole economy grew by 1.1 per cent year-on-year. In the February to April period one year ago, the wages and salaries sum grew by 0.8 per cent.

Year-on-year change in wages and salaries sum in the 02-04/2014 and 02-04/2013 time periods, % (TOL 2008)

Year-on-year change in wages and salaries sum in the 02-04/2014 and 02-04/2013 time periods, % (TOL 2008)

The wages and salaries sum grew in the February to April period in all main industries with the exception of manufacturing, where the wages and salaries sum contracted by 2.7 per cent from twelve months back. The growth in the wages and salaries sum was fastest in the private health and social work (3.1%) and trade (1.6 %).

The wages and salaries sum grew by 0.1 per cent in the private sector in February to April year-on-year

The wages and salaries sum in the private sector was 0.1 per cent greater in the February to April period than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum decreased by 0.5 per cent in the latest three-month period from twelve months back. In April alone, the wages and salaries sum in the private sector grew by 2.1 per cent and fell in the public sector by one per cent from one year earlier. In the February to April period one year ago the wages and salaries sum grew by 1.2 per cent in the public sector and 0.7 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 02–04/2014 and 02–04/2013, % (TOL 2008 and S 2012)

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 02–04/2014 and 02–04/2013, % (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: Godfrey Lowndes 029 551 3423, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Updated 11.6.2014

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. April 2014. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/ktps/2014/04/ktps_2014_04_2014-06-11_tie_001_en.html