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Compensation of Employees

Compensation of Employees

Compensation of Employees increased by 1.3% in Q1 2023

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q1 20231
 Amount €mQuarterly % change
Public Admin, Education and Health8,7272.6
Distribution, Transport, Hotels and Restaurants5,561-0.7
Industry (excl. Construction)4,4041.4
Professional, Admin and Support Services4,1444.1
Information and Communication3,0310.6
Financial and Insurance Activities2,470-1.6
Construction1,479-1.7
Arts, Entertainment and Other Services63010.0
Real Estate Activities243-0.3
Agriculture, Forestry and Fishing198-3.4
Total30,8871.3
1Constant Market Prices, seasonally adjusted.

On a seasonally adjusted basis, total Compensation of Employees increased by 1.3% this quarter compared to the previous quarter. Many sectors experienced an increase this quarter. Largest increase in growth quarter on quarter can be seen in Arts, Entertainment and Other Services (10%). Agriculture, Forestry and Fishing had the largest decrease of 3.4% this quarter compared to the previous.

`-ConstantCurrent
2017Q13.35887116691922.3992220967543
2017Q2-1.398008767898281.40706279974742
2017Q33.912912492483781.5149224667753
2017Q40.1211127867044991.32292015827396
2018Q1-0.1998657314327220.924223134658173
2018Q23.159273781921912.41660478982876
2018Q30.2629123872875512.19813754148385
2018Q42.257154225223821.16869040207354
2019Q10.9150433294565932.87983808429628
2019Q20.9426106488894061.8135420962585
2019Q30.3344553363909360.341303370154822
2019Q40.6416188586367812.19638060607436
2020Q1-1.486600412142441.7826083802844
2020Q2-11.9105981271269-11.2679000204287
2020Q313.28203015401466.96174125204584
2020Q4-1.559136710639815.78938671121085
2021Q1-1.0147006979542-1.31549760094424
2021Q25.158978045740284.74718875519191
2021Q31.734984275307394.57025508652717
2021Q43.778022305687762.34660835712196
2022Q12.10153108263371.71041198158818
2022Q20.9774234110638461.9626525079736
2022Q30.05593531097727391.24644413084637
2022Q41.244691925214961.53740894962099
2023Q11.34113634569132.30912374068132
Column1Q1 2023Q1 2022
Public Admin, Education and Health9.1032881888.699088833
Distribution, Transport, Hotels and Restaurants5.6012832775.371881499
Industry (excl. Construction)4.3997132194.094917856
Professional, Admin and Support Services4.2252706334.030226909
Information and Communication3.1005134933.097391473
Financial and Insurance Activities2.507307912.461240661
Construction1.4734781571.452683687
Arts, Entertainment and Other Services0.6325639660.599993995
Real Estate Activities0.2338489840.251916611
Agriculture Forestry and Fishing0.1882862240.205269868

The first quarter of 2023 sees Compensation of Employees increase by 3.8% compared to the corresponding period of the previous year. Most sectors experienced growth this quarter. Largest increase can be seen in Manufacturing (8.9%). Real Estate Activities had the largest decrease of 28.8% compared to the same period in the previous year.

ForeignDomestic
Q1 20198.3236332245216.58093506316
Q2 20197.9217524964617.2470695691
Q3 20197.7693172159817.09930191653
Q4 20198.174033363417.86402905458
Q1 20209.1329550235417.3407344602
Q2 20208.1032883948315.20132462598
Q3 20208.0246784542116.56292599403
Q4 20208.7999891742518.15231802388
Q1 20219.3743247167916.6938347268
Q2 20219.1246059160218.14449155372
Q3 20218.8639277562219.34231125265
Q4 20219.6121844871520.04096121507
Q1 202210.9819384139618.71848735327
Q2 202210.4536622266819.77393413355
Q3 202210.2227841746120.03926090119
Q4 202210.6085826824621.10680565374
Q1 202311.8166417242920.07132776288

In the first quarter of 2023, just under 63% of total Compensation of Employees comes from domestic enterprises leaving just over 37% coming from foreign enterprises.

Foreign enterprises are identified by using institutional sector codes which are outlined in The European System of Accounts. Institutional units are any unit that has autonomy of decision and/or a complete set of accounts. Foreign controlled enterprises are any unit with the following institutional sector code: S.11003, S.12203, S.12303, S.12403, S.12503, S.12603, S.12703, S.12803 and S.12903. The foreign/domestic split is calculated using PMOD company level data.

Q1 2023Q1 2022
Public Admin, Education and Health662.692640.59005
Distribution, Transport, Hotels and Restaurants547.445516.35085
Industry (excl. Construction)309.289296.59082
Professional, Admin and Support Services228.915217.33308
Information and Communication152.539148.54074
Financial and Insurance Activities117.267115.44108
Construction114.67114.4944
Arts, Entertainment and Other Services82.48173.34891
Real Estate Activities7.71210.59243
Agriculture Forestry and Fishing25.88323.98064
Table 7.2 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Constant Market Prices (Chain linked annually and referenced to year 2021)

Table 7.3 Compensation of Employees1 by Nace Rev. 2 A10 Sector of Origin at Constant Market Prices - Seasonally Adjusted (Chain linked annually and referenced to year 2021)

Table 7.4 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Current Market Prices

Table 7.5 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Current Market Prices - Seasonally Adjusted

Table 7.6 Breakdown of Compensation of Employees by Foreign and Domestic Enterprises

Table 7.7 Persons in employment1 by Nace Rev. 2 A10 Sector2