Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q1 20231 | ||
Amount €m | Quarterly % change | |
Public Admin, Education and Health | 8,816 | 3.0 |
Distribution, Transport, Hotels and Restaurants | 5,206 | -0.8 |
Industry (excl. Construction) | 4,089 | 1.5 |
Professional, Admin and Support Services | 3,927 | 4.5 |
Information and Communication | 2,925 | 0.4 |
Financial and Insurance Activities | 2,383 | -1.6 |
Construction | 1,389 | -1.6 |
Arts, Entertainment and Other Services | 622 | 8.2 |
Real Estate Activities | 242 | -7.1 |
Agriculture, Forestry and Fishing | 212 | -1.9 |
Total | 29,811 | 1.4 |
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.
`- | Constant | Current |
---|---|---|
2017Q1 | 3.52225480645803 | 2.02441655496211 |
2017Q2 | -1.73360557335393 | 1.39922579400866 |
2017Q3 | 4.2463437490491 | 1.41094091132618 |
2017Q4 | 0.0511073847252082 | 1.81815016179669 |
2018Q1 | -0.528559084304908 | 0.311663199893447 |
2018Q2 | 3.66508413361724 | 2.880977984319 |
2018Q3 | 0.167279042728824 | 1.84667653558953 |
2018Q4 | 2.2708156562159 | 1.22982203625359 |
2019Q1 | 0.788766946664854 | 2.89316041034971 |
2019Q2 | 0.866564838322684 | 1.82062950856168 |
2019Q3 | 0.600088742752782 | 0.0992934544401899 |
2019Q4 | 0.603448238424127 | 2.46246861703232 |
2020Q1 | -1.6868541684409 | 1.79713709164419 |
2020Q2 | -11.6473804931317 | -11.3287218256206 |
2020Q3 | 13.2463085468717 | 7.01537630003787 |
2020Q4 | -1.62075506790395 | 6.57921318689644 |
2021Q1 | -1.21907643783559 | -2.47192540550532 |
2021Q2 | 5.67448081436113 | 5.04978099744564 |
2021Q3 | 1.61427546894642 | 4.7943507167584 |
2021Q4 | 3.50988038941273 | 2.67246322230183 |
2022Q1 | 1.85943021627516 | 2.35110329970282 |
2022Q2 | 0.854256181032677 | 2.1530276020202 |
2022Q3 | 0.100989197716044 | 1.46741490302275 |
2022Q4 | 0.939900354507905 | 2.53569048389143 |
2023Q1 | 1.43994100042688 | -0.299024677758022 |
Q1 2023 | Q1 2022 | |
Public Admin, Education and Health | 9.225183769 | 8.8290335608 |
Distribution, Transport, Hotels and Restaurants | 5.242656033 | 5.0246415981 |
Industry (excl. Construction) | 4.092239813 | 3.8716749262 |
Professional, Admin and Support Services | 3.973413171 | 3.8014737909 |
Information and Communication | 2.989597145 | 2.9937783468 |
Financial and Insurance Activities | 2.419293909 | 2.3746151287 |
Construction | 1.375959308 | 1.3565410721 |
Arts, Entertainment and Other Services | 0.619463095 | 0.58563754602 |
Real Estate Activities | 0.245438069 | 0.34463708955 |
Agriculture Forestry and Fishing | 0.201859496 | 0.20335530164 |
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.
Foreign | Domestic | |
Q1 2019 | 8.32363322452 | 16.58093506316 |
Q2 2019 | 7.92175249646 | 17.2470695691 |
Q3 2019 | 7.76931721598 | 17.09930191653 |
Q4 2019 | 8.1740333634 | 17.86402905458 |
Q1 2020 | 9.13295502354 | 17.3407344602 |
Q2 2020 | 8.10328839483 | 15.20132462598 |
Q3 2020 | 8.02467845421 | 16.56292599403 |
Q4 2020 | 8.79998917425 | 18.15231802388 |
Q1 2021 | 9.37432471679 | 16.6938347268 |
Q2 2021 | 9.12460591602 | 18.14449022112 |
Q3 2021 | 8.86392775622 | 19.34230592225 |
Q4 2021 | 9.61218448715 | 20.04096121507 |
Q1 2022 | 11.11289970996 | 18.99604367704 |
Q2 2022 | 10.64432860791 | 20.00320084709 |
Q3 2022 | 10.35757671345 | 20.39792498555 |
Q4 2022 | 10.83356248165 | 21.36477315435 |
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 2023 | Q1 2022 | |
Public Admin, Education and Health | 662.692 | 640.59005 |
Distribution, Transport, Hotels and Restaurants | 547.445 | 516.35085 |
Industry (excl. Construction) | 309.289 | 296.59082 |
Professional, Admin and Support Services | 228.915 | 217.33308 |
Information and Communication | 152.539 | 148.54074 |
Financial and Insurance Activities | 117.267 | 115.44108 |
Construction | 114.67 | 114.4944 |
Arts, Entertainment and Other Services | 82.481 | 73.34891 |
Real Estate Activities | 7.712 | 10.59243 |
Agriculture Forestry and Fishing | 25.883 | 23.98064 |
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