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Compensation of Employees

Compensation of Employees

Compensation of Employees increased by 1.4% 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 Health8,8163.0
Distribution, Transport, Hotels and Restaurants5,206-0.8
Industry (excl. Construction)4,0891.5
Professional, Admin and Support Services3,9274.5
Information and Communication2,9250.4
Financial and Insurance Activities2,383-1.6
Construction1,389-1.6
Arts, Entertainment and Other Services6228.2
Real Estate Activities242-7.1
Agriculture, Forestry and Fishing212-1.9
Total29,8111.4
1Constant Market Prices, seasonally adjusted.

On a seasonally adjusted basis, total Compensation of Employees increased by 1.4% 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 (8.2%). Real Estate Activities had the largest decrease of 7.1% this quarter compared to the previous.

`-ConstantCurrent
2017Q13.522254806458032.02441655496211
2017Q2-1.733605573353931.39922579400866
2017Q34.24634374904911.41094091132618
2017Q40.05110738472520821.81815016179669
2018Q1-0.5285590843049080.311663199893447
2018Q23.665084133617242.880977984319
2018Q30.1672790427288241.84667653558953
2018Q42.27081565621591.22982203625359
2019Q10.7887669466648542.89316041034971
2019Q20.8665648383226841.82062950856168
2019Q30.6000887427527820.0992934544401899
2019Q40.6034482384241272.46246861703232
2020Q1-1.68685416844091.79713709164419
2020Q2-11.6473804931317-11.3287218256206
2020Q313.24630854687177.01537630003787
2020Q4-1.620755067903956.57921318689644
2021Q1-1.21907643783559-2.47192540550532
2021Q25.674480814361135.04978099744564
2021Q31.614275468946424.7943507167584
2021Q43.509880389412732.67246322230183
2022Q11.859430216275162.35110329970282
2022Q20.8542561810326772.1530276020202
2022Q30.1009891977160441.46741490302275
2022Q40.9399003545079052.53569048389143
2023Q11.43994100042688-0.299024677758022
Q1 2023Q1 2022
Public Admin, Education and Health9.2251837698.8290335608
Distribution, Transport, Hotels and Restaurants5.2426560335.0246415981
Industry (excl. Construction)4.0922398133.8716749262
Professional, Admin and Support Services3.9734131713.8014737909
Information and Communication2.9895971452.9937783468
Financial and Insurance Activities2.4192939092.3746151287
Construction1.3759593081.3565410721
Arts, Entertainment and Other Services0.6194630950.58563754602
Real Estate Activities0.2454380690.34463708955
Agriculture Forestry and Fishing0.2018594960.20335530164

The first quarter of 2023 sees Compensation of Employees increase by 3.4% compared to the corresponding period of the previous year. Most sectors experienced growth this quarter. Largest increase can be seen in Manufacturing (6.9%). 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 20219.1246059160218.14449022112
Q3 20218.8639277562219.34230592225
Q4 20219.6121844871520.04096121507
Q1 202211.1128997099618.99604367704
Q2 202210.6443286079120.00320084709
Q3 202210.3575767134520.39792498555
Q4 202210.8335624816521.36477315435

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 2020)

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 2020)

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