Official Statistics of Finland

Wage and salary indices

Producer: Statistics Finland
Data:

Latest release:
Wages and salaries sum grew by 3.7 per cent year-on-year in December to February
13 Apr 2018
According to Statistics Finlands data, the wages and salaries sum of the whole economy was 3.7 per cent greater in the December to February period than in the corresponding period twelve months earlier. In February, the wages and salaries sum of the whole economy grew by 4.1 per cent from the year before. One year previously in December to February, the wages and salaries sum of the whole economy increased by 2.4 per cent.

Next release:
14 May 2018

Description: Wage and salary indices describe the monthly development of the wages and salaries sum in different industries. Sums of wages and salaries refer to the gross totals of wages and salaries enterprises have paid. Wage and salary indices exclude incentive stock options but include bonuses and other one-off reward items. The calculation is based on estimation of change. Sums by industry are calculated from information on the enterprises with comparable data on wages and salaries from both the examined month and the corresponding month of the previous year. These sums are used to calculate annual changes by industry. Calculation of the annual changes also takes into consideration enterprise openings and closures, as well as restructuring and change of activity. The annual changes thus obtained are used to raise the wage and salary index of the corresponding month of the previous year. The latest index figures may become slightly revised as the volume of data grows and enterprises report changes to their data. Due to supplementations the data will become updated in releases for over twelve months.
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Keywords: branches, business cycles, business enterprises, businesses, companies, corporations, economic fluctuation, enterprises, firms, indices, industries, private sector, public sector, wages and salaries.
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Change: Base year of the wage and salary indices changes
09 Mar 2018
Starting from data concerning January 2018, the base year 2015=100 will be introduced in wage and salary indices.

Referencing instructions:

Official Statistics of Finland (OSF): Wage and salary indices [e-publication].
ISSN=1798-6125. Helsinki: Statistics Finland [referred: 27.4.2018].
Access method: http://www.stat.fi/til/ktps/index_en.html

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