A more recent publication of this set of statistics is available.

Latest publication: Wage and salary indices 2019, March

Published: 12 December 2016

Wages and salaries sum grew by 2.6 per cent year-on-year in August to October

According to Statistics Finland, the wages and salaries sum of the whole economy was 2.6 per cent greater in the past August to October period than in the corresponding period twelve months earlier. In October alone, the wages and salaries sum of the whole economy increased by 0.6 per cent from one year ago. One year previously in August to October the wages and salaries sum of the whole economy decreased by 0.1 per cent.

Year-on-year change in wages and salaries sum in the 08/2016–10/2016 and 08/2015–10/2015 time periods, % (TOL 2008)

Year-on-year change in wages and salaries sum in the 08/2016–10/2016 and 08/2015–10/2015 time periods, % (TOL 2008)

In August to October, the wages and salaries sum grew fastest in construction, where the growth amounted to 8.3 per cent from one year ago. The wages and salaries sums of private health and social work (6.7 %), other services (4.7 %) financial intermediation (3.5 %) and trade (2.4 %) also grew. The wages and salaries sum of manufacturing (-0.1 %) and private education (-0.7 %) declined from the respective time period twelve months earlier.

The wages and salaries sum grew by 3.7 per cent in the private sector in August to October year-on-year

The wages and salaries sum in the private sector was 3.7 per cent greater in August to October than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum remained in the same level than in the respective time period twelve months back. In October alone, the wages and salaries sum in the private sector increased by 0.8 per cent from one year earlier. In October, the wages and salaries sum in the public sector decreased by 0.6 per cent from one year earlier. In the August to October period one year ago, the wages and salaries sum increased by 0.5 per cent in the private sector while decreased 1.0 per cent in the public sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 08/2016–10/2016 and 08/2015–10/2015, % (TOL 2008 and S 2012)

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 08/2016–10/2016 and 08/2015–10/2015, % (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.

The wage and salary indices adopted new treatment for closures of small enterprises starting from the data for May 2016. This affected the revision of data at the turn of the year and in early 2016.


Source: Wage and salary indices, Statistics Finland

Inquiries: Katja Äijö 029 551 2659, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 12.12.2016

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. October 2016. Helsinki: Statistics Finland [referred: 20.7.2019].
Access method: http://www.stat.fi/til/ktps/2016/10/ktps_2016_10_2016-12-12_tie_001_en.html