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Work, wages and livelihood

Wage and salary earners’ real earnings decreased by 5.7 per cent in October to December

release | Index of wage and salary earnings 2022, 4th quarter

According to Statistics Finland’s preliminary data, the index of wage and salary earnings, which measures the rise in the nominal earnings of full-time wage and salary earners, rose by 2.7 per cent in October to December 2022 when compared with the respective period in 2021. Real earnings decreased by 5.7 per cent compared to the fourth quarter of the previous year because the rise in consumer prices was faster than that in the earnings level.

Line chart on annual changes in the index of wage and salary earnings and the index of real earnings viewed quarterly. In the October to December period of 2022, the index of wage and salary earnings rose by 2.7 per cent compared with the corresponding period of the previous year and the real earnings index fell by 5.7 per cent.

Key points

  • The index of wage and salary earnings describing the nominal earnings of full-time wage and salary earners rose by 2.7 per cent in October to December 2022 when compared with the respective period of the year before.
  • In the private sector, the nominal earnings of wage and salary earners rose by 2.8 per cent in the last quarter of 2022, in the central government sector by 2.4 per cent and in the local government sector by 2.5 per cent.
  • By contrast, the real earnings of wage and salary earners fell by 5.7 per cent in the last quarter of 2022 because the rise in consumer prices was considerably faster.
  • The nominal earnings of wage and salary earners rose by 2.4 per cent on average and real earnings fell by 4.4 per cent in 2022.

Database tables

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Updated database tables
13ru
Classifications used:
  • Base of payment
  • Employer sector
  • Gender
Statistics:
Updated:
13rv
Classifications used:
  • Employer sector
  • Base of payment
  • Gender
Statistics:
Updated:
11zv
Classifications used:
  • Standard Industrial Classification TOL 2008
  • Base of payment
Statistics:
Updated:
122l
Classifications used:
  • Base of payment
  • Standard Industrial Classification TOL 2008
Statistics:
Updated:
11zt
Classifications used:
    Statistics:
    Updated:
    122j
    Classifications used:
      Statistics:
      Updated:
      11zu
      Classifications used:
      • Gender
      • Employer sector
      Statistics:
      Updated:
      122k
      Classifications used:
      • Gender
      • Employer sector
      Statistics:
      Updated:

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