Finland - Wage & Salaries

Finland: Wage & Salaries

Unit Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.37 %
Data 2022 Q4 113.4
2022 Q3 112.98

Series Information

Source Statistics Finland
Release Index of wage and salary earnings
Frequency Quarterly
Start Date 3/31/2015
End Date 12/31/2022

Finland: Labor

Reference Last Previous Units Frequency
Labor Force Feb 2023 2,817 2,819 Ths. #, Trend Monthly
Labor Force Employment Feb 2023 2,633 2,631 Ths. #, Trend Monthly
Primary Industries Employment Feb 2023 85 85 Ths. #, NSA Monthly
Total Employment Feb 2023 2,582 2,558 Ths. #, NSA Monthly
Unemployment Feb 2023 193 195 Ths. #, Trend Monthly
Unemployment Rate Feb 2023 6.8 6.9 %, Trend Monthly
Wage & Salaries 2022 Q4 113.4 112.98 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