Finland - Wage & Salaries

Finland: Wage & Salaries

Unit Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.47 %
Data 2020 Q3 107.2
2020 Q2 106.7

Series Information

Source Statistics Finland
Release Index of wage and salary earnings
Frequency Quarterly
Start Date 3/31/2015
End Date 9/30/2020

Finland: Labor

Reference Last Previous Units Frequency
Labor Force Oct 2020 2,775 2,772 Ths. #, Trend Monthly
Labor Force Employment Oct 2020 2,530 2,523 Ths. #, Trend Monthly
Primary Industries Employment Oct 2020 99 94 Ths., NSA Monthly
Total Employment Oct 2020 2,530 2,539 Thousands, NSA Monthly
Unemployment Oct 2020 229 230 Ths. #, Trend Monthly
Unemployment Rate Oct 2020 8.3 8.3 %, Trend Monthly
Wage & Salaries 2020 Q3 107.2 106.7 Index 2015=100, NSA Quarterly
Agriculture Employment 2017 104,160 103,860 # Annual

Release Information

For Finland, a wage index, broken out by economic activity (industry) and by institutional sector. Quarterly from 1995.

Compensation of employees (D.1) is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period.

Compensation of employees is broken down into 1) wages and salaries and 2) employers' social contributions.

This is an index measuring development in wage and salary earners’ earnings for regular working hours. The index is not influenced by the effects of overtime work or one-off bonuses or remuneration items. The basic data cover approximately two-thirds of the full-time wage and salary earners in Finland. Wage and salary earner groups by industry are weighted together in the index with fixed wage sum weights. By-products from the index are data on the average earnings of wage and salary earners according to different classifications. The data relating to individual units in the basic data are confidential.

The statistics for national accounts is put together using a large number of other statistical data files from various sources. The data that is taken in is then revised to comply with the definitions and concepts of National Accounts. 

The data are revised in accordance with the concepts and defintions of national accounts. The source has made announcements for major revisions that have occurred in the past (example).

The index base year is advanced every five years.

The source reports multiple index base years concurrently.

For more information, please refer to these pages: source one and source two