Sweden - Wage & Salaries

Sweden: Wage & Salaries

Unit Mil. SEK, NSA
Adjustments Not Seasonally Adjusted
Quarterly 5.96 %
Data 2019 Q2 612,578
2019 Q1 578,131

Series Information

Source Statistics Sweden
Release Compensation of Employees
Frequency Quarterly
Start Date 3/31/1993
End Date 6/30/2019

Sweden: Labor

Reference Last Previous Units Frequency
Labor Force Jul 2019 5,484 5,498 Ths. #, SA Monthly
Labor Force Employment Jul 2019 5,093 5,130 Ths. #, SA Monthly
Unemployment Jul 2019 391 368 Ths. #, SA Monthly
Unemployment Rate Jul 2019 7.1 6.7 %, SA Monthly
Wage & Salaries 2019 Q2 612,578 578,131 Mil. SEK, NSA Quarterly
Agriculture Employment 2017 99,212 98,925 # Annual
Total Employment 2016 4,896 4,807 Ths. # Annual

Release Information

Gross domestic Product - GDP - is the most used aggregate within national accounts. GDP estimated from production side shows how value added is distributed by activities and sectors. GDP estimated from expenditure side shows consumption expenditure, gross capital formation and foreign trade. Quarterly national accounts are published 60 days after the reference period. Quarterly estimates are based on less detailed information than the annual estimates, which are published after 23 months. Please observe that constant prices are based on chained indices with different weights each year. Estimates in constant prices are therefore only additive for the reference year and the immediate following year.

Real sector accounts are also published at the same time as the other estimates. They contain information on income, expenditure and saving for households, government, financial and non-financial corporations and the rest of the world.

Financial accounts are also part of the national accounts. The financial accounts show transactions and stocks of financial assets and liabilities and savings by sector. They are published about 90 days after the reference period. www.scb.se/FM0103-en

GDP are calculated according to the production approach as well as the expenditure approach. The most common method used in the calculations is to extrapolate the National Accounts value from the same quarter previous year with the growth rate according to an indicator, e.g. value added in a certain manufacturing industry is extrapolated with the growth rate estimated in the Industrial production index for that industry. For some parts of the expenditure approach values from the sources are used directly. This is possible when the same source is used in the quarterly accounts as in the annual accounts and it mainly concerns changes in inventories and exports and imports. The calculations are based on non-adjusted values. GNI is calculated by adjusting GDP for primary income to and from the rest of the world.

The methods used in the quarterly accounts could be classified into the following three categories.

- The value in the National Accounts are extrapolated buy using an indicator

- The data from the source are used directly in the National Accounts

- Models

The quarterly accounts are published within 60 days after the end of the reference quarter. For the second quarter a flash estimate is published within 35 days after the end of the quarter with almost the same content as an ordinary release. Most requirements of the ESA95 Transmission programme are fulfilled.

Using new information available, revisions take place with every new publication of the quarterly figures. When releasing second, third and fourth quarter the other quarters of the reference year can be revised while figures in the previous years are fixed. When the first quarter is released all quarters of the previous year may be revised. The quarterly accounts are benchmarked to the final annual accounts when they are produced in November two years after the reference year. The benchmarked quarters are published at the same time as the annual accounts to keep consistency between annual and quarterly figures at every release.

 All of the information found above taken from the Official Statistics Sweden Website