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Wages and Profits

Wages and Profits

Compensation of Employees increased by 9.8% in 2021 while Net Operating Surplus and Net Mixed Income is up 22.4%.

Online ISSN: 2811-5724
CSO statistical publication, , 11am
Compensation of EmployeesNet Operating Surplus and Net Mixed IncomeConsumption of Fixed CapitalOther Taxes less Other Subsidies on Production
Agriculture, Forestry & Fishing0.8725956863.9451111961.135029136-1.614181059
Industry (excl. Construction)15.50109310385.63184058850.5330864210.716399038
Construction4.7089484093.9766323840.388896233-0.356672608
Distribution, Transport, Hotels & Restaurants19.39331046612.5299016664.603191701-1.77979352
Information & Communication10.73941239537.71314064123.941235910.078832118
Financial & Insurance Activities9.1289120337.0487524022.1320766130.661780457
Real Estate Activities0.95665281516.0366990377.3044886650.682045958
Professional, Admin & Support Services15.2369300610.09252563616.973601812-0.527995862
Public Admin, Education & Health32.5606919282.3996117374.528005326-0.522948719
Arts, Entertainment & Other Services2.0950858711.8037082370.515301025-0.316427992

Figure 4.1 shows the total of each component that makes up Gross Value Added at current market prices by Nace Rev. 2 A10 sector. Industry (excl. Construction) has the highest total value for Net Operating Surplus and Net Mixed Income as well as the highest total value for Consumption of Fixed Capital while Public Admin, Education & Health has the highest total for Compensation of Employees.

Table 4.1 Gross Value Added Components by Nace Rev. 2 A64 Sector at Current Market Prices, 2021

Table 4.1 provides a detailed breakdown of all components that make up gross value added at current market prices by Nace Rev. 2 A64 sector. The table also provides a detailed breakdown of sector contributions to Gross Value Added by Nace Rev. 2 A64 sector.

The combined sectors 19, 20, 21, 26 which includes the Manufacture of Coke & Refined Petroleum Products; Basic Chemicals; Pharmaceutical Products; Computer, Electronic & Optical Products, contributes 30% to the total of Gross Value Added. While sectors 58-60 (Publishing Activities, Motion Picture, Video & Television Programme Production, Sound Recording & Music Publishing Activities; Programming & Broadcasting Activities) contribute just over 9% and sectors 62-63 (Computer Programming, Consultancy & Related Activities; Information Service Activities) contributes over 7%.

Table 4.2 Component Percentage Contribution to NACE Sector Gross Value Added by Nace Rev. 2 A64, 2021

Table 4.2 provides a detailed breakdown of the contribution of each component of Gross Value Added by Nace Rev. 2 A64 sector.

Foreign-owned MNE dominatedOther
Compensation of Employees16.987382280917583.0126177190825
Net Operating Surplus and Net Mixed Income63.643170605013436.3568293949866
Consumption of Fixed Capital62.47512629964837.524873700352
Other Taxes less Other Subsidies on Production-5.91777823333762105.917778233338
Gross Value Added at Basic Prices50.910516468849149.0894835311509

Figure 4.2 and Table 4.3 provides a breakdown of the components of Gross Value Added by Foreign-owned MNE Dominated and Other sectors. Foreign-owned MNE Dominated sectors include Nace Codes: 18, 20, 21, 26, 27, 31, 32, 58, 59, 60, 61, 62 and 63.

Foreign-owned MNE Dominated sectors make up 51% of total Gross Value Added at current market prices while all Other sectors make up 49%. When it comes to Compensation of Employees Foreign-owned MNE Dominated sectors make up 17% of the total while all Other sectors make up 83%.

Table 4.3 Breakdown of Foreign-owned multinational enterprise dominated sector and Other sectors, 2021

Employers' Social ContributionWages and Salaries
Agriculture, Forestry & Fishing153.985609718.610077
Industry (excluding Construction)2601.69441712899.398686
Construction578.3077384130.640671
Distribution, Transport, Hotels & Restaurants2797.76615416595.544312
Information & Communication1528.4790669210.933328
Financial & Insurance Activities1919.0012577209.910776
Real Estate Activities124.638072832.014743
Professional, Admin & Support Services2057.40501213179.525048
Public Admin, Education & Health6098.58453426462.107394
Arts, Entertainment & Other Services294.1067851800.979086

Figure 4.3 shows Employers' Social Contribution and Wages & Salaries as a percentage of total Compensation of Employees by Nace Rev. 2 A10 sector.
Financial & Insurance Activities has the highest percentage of Employers' Social Contribution at 21%. Table 4.4 provides a detailed breakdown of the components that make up Compensation of Employees by Nace Rev. 2 A64 Sector.

Over 90% of total Compensation of Employees for Accommodation; food & beverage service activities is made up of Wages & Salaries, while over 23% total Compensation of Employees for Public administration & defence; compulsory social security is made up of Employers' Social Contribution.

Table 4.4 Compensation of Employees, Wages and Salaries and Employers Social Contribution by Nace Rev. 2 A64 Sector at Current Market Prices, 2021

2021
1 - 10,000 euro2212.78604932323
10,001 - 20,000 euro5397.62895560114
20,001 - 30,000 euro7980.72776377465
30,001 - 40,000 euro11333.56761746
40,001 - 50,000 euro11954.4869467606
50,001 - 60,000 euro10962.4770578299
60,001 - 70,000 euro8945.36220293568
70,001 - 80,000 euro8022.00849590683
80,001 - 90,000 euro7106.25758378457
90,001 - 100,000 euro5722.20685314047
100,001 - 110,000 euro4358.380869884
110,001 - 120,000 euro3467.02574981116
120,001 - 130,000 euro2654.91060042807
130,001 - 140,000 euro2101.20659113311
140,001 - 150,000 euro1726.29619399375
150,001 - 175,000 euro3260.17707860749
175,001 - 200,000 euro2273.59877488555
200,001 - 250,000 euro3017.70701316489
250,001 - 300,000 euro1942.81422062498
300,001 - 400,000 euro2102.4514467566
400,001 - 500,000 euro994.186531875912
500,001 - 750,000 euro1124.98645716134
Over 750,001 euro1559.84082629609

Figure 4.4 shows total Compensation of Employees (COE) broken down into 23 income distribution groups for 2021. The two income distribution groups with the highest contribution to the total COE in 2021 are earners in the €30,001 - €40,000 and €40,001 - €50,000 brackets. Table 4.5 provides detail on COE by income distribution for the years 2011-2021.

Table 4.5 Compensation of Employees by Income Distribution

2021
1 - 10,000 euro-11.0897451908003
10,001 - 20,000 euro-3.69216295055902
20,001 - 30,000 euro-0.590432947840941
30,001 - 40,000 euro5.89095376700401
40,001 - 50,000 euro11.1892931842165
50,001 - 60,000 euro11.9643145829655
60,001 - 70,000 euro10.9785892378138
70,001 - 80,000 euro11.822223107623
80,001 - 90,000 euro7.52516722844894
90,001 - 100,000 euro11.1939058866731
100,001 - 110,000 euro11.466423753964
110,001 - 120,000 euro17.2652060242049
120,001 - 130,000 euro14.7847148270497
130,001 - 140,000 euro13.6874630732336
140,001 - 150,000 euro14.9855793015982
150,001 - 175,000 euro13.8824087183026
175,001 - 200,000 euro18.5817738956886
200,001 - 250,000 euro19.9713988364574
250,001 - 300,000 euro24.3656819718876
300,001 - 400,000 euro13.8013806802105
400,001 - 500,000 euro21.4907097763535
500,001 - 750,000 euro26.7854957640606
Over 750,001 euro24.6963416875295

Figure 4.5 shows the percentage change in Compensation of Employees in the 23 income distribution groups for 2021. In 2021 those in the income brackets below €30,000 experienced decreases, while all other income distribution groups saw increases. Table 4.6 provides the percentage change for the years 2012-2021. As Compensation of Employees increases the majority of income distributions also see an increase across the time series.

Table 4.6 Percentage Change of Compensation of Employees by Income Distribution