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Quarterly National Accounts Quarter 1 2024 Final

Compensation of Employees

Compensation of Employees increased by 1.6% in Q1 2024

Online ISSN: 2009-5775

CSO statistical publication, 12 July 2024, 11am

Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q1 2024¹
	Amount €m	Quarterly % change
Public Admin, Education and Health	9,415	0.3
Distribution, Transport, Hotels and Restaurants	6,360	-2.2
Professional, Admin and Support Services	5,421	3.6
Industry (excl. Construction)	4,294	5.9
Information and Communication	3,111	1.4
Financial and Insurance Activities	2,458	3.8
Construction	1,514	4.3
Arts, Entertainment and Other Services	768	-1.0
Real Estate Activities	242	14.2
Agriculture, Forestry and Fishing	319	0.2
Total	33,902	1.6
¹Constant Market Prices, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2024 Table 7.1 (XLS 10KB)

On a seasonally adjusted basis, total Compensation of Employees increased by 1.6% in the first quarter of 2024. The Largest increases in growth quarter on quarter can be seen in Real Estate Activities (14.2%) and Industry (5.9%).

`-	Constant	Current
2018Q1	19.7310158555058	0.84365378940503
2018Q2	3.98663698216288	2.84401987123115
2018Q3	0.0729089712059316	1.90222081293558
2018Q4	1.69402037984121	0.943480431734733
2019Q1	1.49202473865164	3.31012713180718
2019Q2	0.4739999005825	1.83210737294524
2019Q3	0.539210244228538	0.231453156116479
2019Q4	0.797833539552761	3.19089037323255
2020Q1	-1.3481316647483	0.945972305908893
2020Q2	-12.4639050114588	-12.6028297221175
2020Q3	14.3318542940173	7.82959323869943
2020Q4	-1.67717243773486	7.82645020076655
2021Q1	-1.45897047826333	-2.86181749186388
2021Q2	5.76585754060324	5.215937587821
2021Q3	2.9895700979478	4.92353205388654
2021Q4	3.49993629289551	3.50110537360979
2022Q1	1.81231391149732	-0.309444831019956
2022Q2	0.436936428174861	2.4666798844531
2022Q3	1.14827979405947	1.94132843747621
2022Q4	0.898416883729047	2.52850868181884
2023Q1	0.984358033963373	5.54935347572976
2023Q2	1.02064485911253	0.910309121701869
2023Q3	0.442761553688786	0.0813873205897986
2023Q4	-0.0765385084431247	2.99660632282335
2024Q1	1.57333532833399	3.57318657069396

Column1	Q1 2024	Q1 2023
Public Admin, Education and Health	9.55516308207827	9.53347843623689
Distribution, Transport, Hotels and Restaurants	6.35303617818225	6.06936069605417
Professional, Admin and Support Services	5.51599133046201	5.03168462224673
Industry (excl. Construction)	4.42656060571129	4.49933828190633
Information and Communication	3.13399072979153	3.2963064447659
Financial and Insurance Activities	2.50514455219673	2.46499756125135
Construction	1.51031128430912	1.49233335206311
Arts, Entertainment and Other Services	0.767864598540726	0.730537072328887
Real Estate Activities	0.233118626775255	0.251646452489768
Agriculture Forestry and Fishing	0.319194467187438	0.286515568959822

Compensation of Employees increased by 2% in Q1 2024 compared to the corresponding period of the previous year. The largest increase by sector can be seen in Agriculture, Forestry and Fishing (11.4%).

	Foreign	Domestic
Q1 2020	8.89939772306338	18.8532231283109
Q2 2020	7.89659743940219	16.245927201824
Q3 2020	7.80980772443519	17.8509509984445
Q4 2020	8.58238450693515	19.9700398750656
Q1 2021	9.12596935083912	18.2266351726141
Q2 2021	8.89500519747473	19.8000161262824
Q3 2021	8.61953819249359	21.0980978881556
Q4 2021	9.32602690841618	22.1838475395598
Q1 2022	10.9934646481513	20.1975763062109
Q2 2022	10.485166841971	21.3663301759033
Q3 2022	10.2508211229861	21.6558394620848
Q4 2022	10.6552631537008	22.9880549924239
Q1 2023	12.4867775112179	22.966484939097
Q2 2023	11.7452162131072	23.730117251741
Q3 2023	11.1819847937842	23.72141958456
Q4 2023	11.7242004919001	25.0033423147491
Q1 2024	13.3451055350654	25.060375861276

In Q1 of 2024, 65.3% of total Compensation of Employees came from domestic enterprises, with 34.7% 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.

Column1	Q1 2024	Q1 2023
Public Admin, Education and Health	700.1566928124	677.788710025
Distribution, Transport, Hotels and Restaurants	555.3099235533	552.5189070956
Industry (excl. Construction)	305.7153853525	313.2224603878
Professional, Admin and Support Services	254.5752681154	232.7556443103
Information and Communication	156.8526060315	156.0109058966
Construction	120.5113630606	115.8076535836
Financial and Insurance Activities	117.344738397	119.4782535906
Arts, Entertainment and Other Services	91.4270279631	82.8451490044
Agriculture Forestry and Fishing	26.4951417385	26.2343843182
Real Estate Activities	26.4951417385	7.9420547809

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 2022)

Table 7.2 Compensation of Employees¹ by Nace Rev. A10 Sector of Origin at Constant Market Prices (Chain linked annually and referenced to year 2022)²												€million
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufacturing	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2018	1,208	14,672	13,283	5,044	22,611	8,970	7,173	852	16,225	29,753	3,126	108,930
2019	1,192	15,241	13,713	5,256	22,919	9,546	7,938	877	17,076	31,782	2,973	114,261
2020	1,130	15,212	13,896	4,440	20,290	9,875	8,549	887	16,712	30,953	2,269	110,087
2021	1,278	15,737	14,424	4,819	21,002	11,360	8,893	1,012	17,804	34,064	2,485	118,270
2022	1,170	17,210	15,486	6,104	23,591	12,798	9,624	1,094	18,673	35,524	2,803	128,591
2023	1,263	16,812	15,177	6,044	25,093	13,029	9,653	846	20,433	36,874	3,000	133,047

2018
Q1	297	3,619	3,273	1,173	5,365	2,206	1,802	194	3,831	7,303	767	26,408
Q2	313	3,725	3,362	1,310	5,711	2,216	1,881	231	4,233	7,718	764	27,938
Q3	310	3,784	3,442	1,336	5,712	2,370	1,724	184	4,100	6,812	824	26,900
Q4	288	3,544	3,208	1,224	5,823	2,179	1,766	244	4,060	7,920	771	27,683
2019
Q1	295	3,840	3,451	1,241	5,788	2,293	1,950	218	4,333	8,124	720	28,664
Q2	313	3,791	3,359	1,339	5,754	2,378	2,007	237	4,343	8,043	770	28,831
Q3	274	3,908	3,539	1,342	5,725	2,528	2,011	214	4,185	7,388	745	28,195
Q4	311	3,701	3,364	1,334	5,652	2,347	1,970	208	4,215	8,226	739	28,572
2020
Q1	312	3,776	3,450	1,272	5,678	2,401	2,092	223	4,457	8,097	717	28,898
Q2	247	3,450	3,140	704	4,071	2,488	2,329	212	4,031	7,542	353	25,465
Q3	281	4,037	3,648	1,262	5,473	2,447	2,099	235	4,296	7,225	724	27,988
Q4	290	3,949	3,658	1,201	5,068	2,540	2,029	217	3,927	8,089	474	27,738
2021
Q1	310	4,081	3,810	951	4,612	2,731	2,180	189	4,122	8,493	433	28,089
Q2	356	4,076	3,745	1,162	5,118	2,724	2,300	237	4,534	8,899	585	29,953
Q3	304	3,781	3,411	1,331	5,735	2,803	2,116	315	4,526	7,876	735	29,433
Q4	307	3,799	3,457	1,376	5,537	3,102	2,297	271	4,623	8,797	732	30,795
2022
Q1	281	4,170	3,777	1,481	5,814	3,303	2,434	346	4,761	9,166	716	32,460
Q2	315	4,342	3,913	1,521	6,020	3,232	2,428	238	4,726	8,961	684	32,462
Q3	273	4,446	3,981	1,603	5,796	3,142	2,335	239	4,624	8,368	705	31,553
Q4	301	4,252	3,815	1,499	5,961	3,120	2,427	271	4,562	9,029	697	32,116
2023
Q1	287	4,499	4,106	1,492	6,069	3,296	2,465	252	5,032	9,533	731	33,656
Q2	284	4,200	3,790	1,609	6,348	3,371	2,510	163	5,302	9,295	737	33,818
Q3	377	4,234	3,804	1,548	6,197	3,407	2,369	216	5,014	8,544	753	32,660
Q4	316	3,879	3,476	1,395	6,478	2,955	2,309	214	5,086	9,501	780	32,913
2024
Q1	319	4,427	3,943	1,510	6,353	3,134	2,505	233	5,516	9,555	768	34,320

Percentage change on corresponding period of previous year
2018	-3.7	0.2	0.7	13.8	3.1	6.5	-2.9	-3.9	8.0	7.5	4.5	4.7
2019	-1.3	3.9	3.2	4.2	1.4	6.4	10.7	2.8	5.2	6.8	-4.9	4.9
2020	-5.2	-0.2	1.3	-15.5	-11.5	3.4	7.7	1.2	-2.1	-2.6	-23.7	-3.7
2021	13.1	3.4	3.8	8.6	3.5	15.0	4.0	14.1	6.5	10.1	9.5	7.4
2022	-8.5	9.4	7.4	26.7	12.3	12.7	8.2	8.1	4.9	4.3	12.8	8.7
2023	7.9	-2.3	-2.0	-1.0	6.4	1.8	0.3	-22.7	9.4	3.8	7.0	3.5

2018
Q1	-4.1	-0.8	-0.6	7.1	-1.7	5.5	-6.2	-19.6	2.0	4.0	5.4	1.0
Q2	-11.2	4.4	4.5	22.6	5.0	10.2	6.3	4.6	11.1	12.3	2.6	8.8
Q3	-1.8	-1.0	0.7	18.8	3.8	5.7	-9.7	-15.1	8.4	4.6	7.0	3.5
Q4	3.9	-1.7	-1.8	7.2	5.1	4.7	-1.3	17.0	10.6	8.8	3.0	5.5
2019
Q1	-0.9	6.1	5.5	5.8	7.9	4.0	8.2	12.7	13.1	11.2	-6.1	8.5
Q2	-0.0	1.8	-0.1	2.2	0.8	7.3	6.7	2.7	2.6	4.2	0.8	3.2
Q3	-11.7	3.3	2.8	0.4	0.2	6.7	16.7	15.9	2.1	8.5	-9.7	4.8
Q4	8.1	4.5	4.9	9.0	-2.9	7.7	11.6	-14.8	3.8	3.9	-4.2	3.2
2020
Q1	5.7	-1.7	-0.1	2.5	-1.9	4.7	7.3	1.9	2.9	-0.3	-0.4	0.8
Q2	-21.1	-9.0	-6.5	-47.4	-29.3	4.6	16.1	-10.3	-7.2	-6.2	-54.1	-11.7
Q3	2.9	3.3	3.1	-5.9	-4.4	-3.2	4.3	10.1	2.7	-2.2	-2.8	-0.7
Q4	-6.7	6.7	8.8	-10.0	-10.3	8.2	3.0	4.3	-6.8	-1.7	-35.8	-2.9
2021
Q1	-0.5	8.1	10.5	-25.2	-18.8	13.7	4.2	-15.1	-7.5	4.9	-39.6	-2.8
Q2	44.5	18.1	19.3	64.9	25.7	9.5	-1.3	11.7	12.5	18.0	65.5	17.6
Q3	8.2	-6.3	-6.5	5.4	4.8	14.6	0.8	33.8	5.3	9.0	1.5	5.2
Q4	5.9	-3.8	-5.5	14.6	9.2	22.1	13.2	25.2	17.7	8.8	54.4	11.0
2022
Q1	-9.2	2.2	-0.9	55.6	26.1	21.0	11.6	83.3	15.5	7.9	65.5	15.6
Q2	-11.7	6.5	4.5	30.9	17.6	18.7	5.6	0.4	4.2	0.7	17.1	8.4
Q3	-10.3	17.6	16.7	20.4	1.1	12.1	10.4	-24.1	2.2	6.3	-4.0	7.2
Q4	-2.1	11.9	10.3	9.0	7.7	0.6	5.7	-0.2	-1.3	2.6	-4.9	4.3
2023
Q1	1.9	7.9	8.7	0.8	4.4	-0.2	1.3	-27.4	5.7	4.0	2.0	3.7
Q2	-9.8	-3.3	-3.1	5.8	5.4	4.3	3.4	-31.5	12.2	3.7	7.7	4.2
Q3	37.9	-4.8	-4.4	-3.5	6.9	8.4	1.5	-9.4	8.4	2.1	6.7	3.5
Q4	5.0	-8.8	-8.9	-6.9	8.7	-5.3	-4.9	-20.8	11.5	5.2	12.0	2.5
2024
Q1	11.4	-1.6	-4.0	1.2	4.7	-4.9	1.6	-7.4	9.6	0.2	5.1	2.0
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.
²Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2024 Table 7.2 (XLS 24KB)

Visit Table NAQ07 on PxStat

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 2022)

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 2022)²												€million
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufacturing	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2018
Q1	303	3,587	3,244	1,197	5,369	2,203	1,793	209	3,828	7,222	772	26,484
Q2	292	3,734	3,385	1,279	5,712	2,235	1,808	211	4,134	7,378	757	27,540
Q3	309	3,695	3,363	1,308	5,683	2,327	1,742	185	4,086	7,408	818	27,560
Q4	303	3,659	3,294	1,256	5,865	2,164	1,834	247	4,185	7,739	775	28,027
2019
Q1	299	3,805	3,413	1,265	5,775	2,300	1,936	204	4,326	7,808	728	28,445
Q2	293	3,794	3,382	1,312	5,748	2,362	1,922	251	4,227	7,906	765	28,580
Q3	277	3,824	3,465	1,312	5,694	2,410	2,048	214	4,188	8,025	741	28,734
Q4	322	3,824	3,462	1,368	5,718	2,337	2,041	209	4,346	8,060	738	28,963
2020
Q1	316	3,732	3,396	1,292	5,652	2,355	2,070	207	4,440	7,782	726	28,573
Q2	231	3,448	3,159	694	4,049	2,462	2,233	228	3,914	7,404	349	25,011
Q3	290	3,962	3,582	1,232	5,456	2,398	2,146	235	4,319	7,834	723	28,596
Q4	296	4,090	3,780	1,233	5,138	2,575	2,096	217	4,051	7,950	470	28,116
2021
Q1	317	4,016	3,734	962	4,585	2,641	2,152	191	4,091	8,311	440	27,706
Q2	332	4,068	3,757	1,147	5,078	2,684	2,209	237	4,399	8,567	583	29,304
Q3	318	3,723	3,363	1,296	5,736	2,788	2,170	314	4,570	8,528	735	30,180
Q4	310	3,947	3,587	1,420	5,604	3,153	2,366	270	4,767	8,673	727	31,236
2022
Q1	287	4,080	3,682	1,490	5,789	3,228	2,396	320	4,708	8,783	721	31,802
Q2	294	4,331	3,915	1,505	5,967	3,179	2,341	262	4,582	8,795	684	31,941
Q3	287	4,390	3,936	1,559	5,817	3,163	2,395	238	4,696	9,056	707	32,308
Q4	302	4,434	3,974	1,553	6,010	3,230	2,495	268	4,698	8,917	691	32,598
2023
Q1	290	4,381	3,990	1,498	6,060	3,226	2,422	230	4,958	9,122	733	32,919
Q2	267	4,186	3,780	1,592	6,278	3,312	2,429	182	5,142	9,128	739	33,255
Q3	395	4,189	3,771	1,503	6,240	3,319	2,431	215	5,112	9,245	754	33,402
Q4	318	4,056	3,634	1,451	6,506	3,068	2,369	212	5,232	9,389	776	33,377
2024
Q1	319	4,294	3,821	1,514	6,360	3,111	2,458	242	5,421	9,415	768	33,902

Percentage change on previous quarter
2018
Q1	18.2	16.5	18.4	46.1	13.9	34.8	-1.7	7.0	29.9	19.5	26.8	19.7
Q2	-3.7	4.1	4.4	6.8	6.4	1.4	0.8	1.0	8.0	2.2	-1.9	4.0
Q3	6.0	-1.0	-0.6	2.2	-0.5	4.1	-3.7	-12.4	-1.2	0.4	8.1	0.1
Q4	-2.0	-1.0	-2.0	-4.0	3.2	-7.0	5.3	34.1	2.4	4.5	-5.3	1.7
2019
Q1	-1.5	4.0	3.6	0.8	-1.5	6.3	5.6	-17.5	3.4	0.9	-6.1	1.5
Q2	-1.8	-0.3	-0.9	3.7	-0.5	2.7	-0.7	22.8	-2.3	1.3	5.1	0.5
Q3	-5.4	0.8	2.5	0.0	-0.9	2.1	6.6	-14.7	-0.9	1.5	-3.1	0.5
Q4	16.0	0.0	-0.1	4.2	0.4	-3.0	-0.4	-2.1	3.8	0.4	-0.4	0.8
2020
Q1	-1.7	-2.4	-1.9	-5.5	-1.1	0.8	1.4	-0.9	2.2	-3.5	-1.6	-1.3
Q2	-27.0	-7.6	-7.0	-46.3	-28.4	4.5	7.8	9.8	-11.8	-4.8	-51.9	-12.5
Q3	25.3	14.9	13.4	77.7	34.8	-2.6	-3.9	3.1	10.3	5.8	107.2	14.3
Q4	2.1	3.2	5.5	0.1	-5.8	7.4	-2.3	-7.5	-6.2	1.5	-35.0	-1.7
2021
Q1	7.1	-1.8	-1.2	-22.0	-10.8	2.6	2.7	-12.2	1.0	4.5	-6.4	-1.5
Q2	4.8	1.3	0.6	19.2	10.7	1.6	2.6	24.2	7.5	3.1	32.4	5.8
Q3	-4.2	-8.5	-10.5	13.0	13.0	3.9	-1.8	32.7	3.9	-0.5	26.2	3.0
Q4	-2.6	6.0	6.7	9.5	-2.3	13.1	9.0	-14.1	4.3	1.7	-1.2	3.5
2022
Q1	-7.3	3.4	2.7	5.0	3.3	2.4	1.3	18.4	-1.2	1.3	-0.8	1.8
Q2	2.4	6.2	6.3	1.0	3.1	-1.5	-2.3	-18.1	-2.7	0.1	-5.1	0.4
Q3	-2.5	1.4	0.5	3.6	-2.5	-0.5	2.3	-9.2	2.5	3.0	3.3	1.1
Q4	5.4	1.0	1.0	-0.4	3.3	2.1	4.2	12.8	0.0	-1.5	-2.3	0.9
2023
Q1	-4.2	-1.2	0.4	-3.6	0.8	-0.1	-2.9	-14.1	5.5	2.3	6.0	1.0
Q2	-7.6	-4.4	-5.3	6.3	3.6	2.7	0.3	-20.9	3.7	0.1	0.9	1.0
Q3	47.8	0.1	-0.2	-5.6	-0.6	0.2	0.1	17.8	-0.6	1.3	2.0	0.4
Q4	-19.4	-3.2	-3.6	-3.5	4.3	-7.6	-2.5	-1.3	2.4	1.6	2.9	-0.1
2024
Q1	0.2	5.9	5.1	4.3	-2.2	1.4	3.8	14.2	3.6	0.3	-1.0	1.6
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.
²Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2024 Table 7.3 (XLS 21KB)

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

Table 7.4 Compensation of Employees¹ by Nace Rev. 2 A10² Sector of Origin at Current Market Prices												€million
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufacturing	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2018	751	13,519	11,992	4,461	19,994	8,040	8,026	910	12,814	27,513	2,263	98,292
2019	917	14,547	12,966	4,785	20,924	8,951	8,553	1,006	14,869	29,357	2,353	106,264
2020	1,024	14,697	13,109	4,651	18,685	9,672	8,805	963	14,981	30,629	1,996	106,103
2021	1,103	15,896	14,277	5,420	20,846	11,331	9,467	1,058	16,909	33,013	2,228	117,272
2022	1,170	17,210	15,486	6,104	23,591	12,798	9,624	1,094	18,673	35,524	2,803	128,591
2023	1,233	18,663	16,697	6,811	26,328	14,266	10,832	1,286	21,076	39,079	2,977	142,550

2018
Q1	186	3,431	3,058	1,005	4,676	1,927	2,167	207	3,057	6,648	556	23,860
Q2	189	3,291	2,903	1,114	4,982	1,982	2,034	249	3,213	6,852	544	24,450
Q3	188	3,377	2,992	1,183	5,041	2,160	1,838	193	3,188	6,861	596	24,625
Q4	188	3,421	3,039	1,159	5,294	1,972	1,987	260	3,356	7,152	568	25,357
2019
Q1	237	3,652	3,258	1,093	5,024	2,188	2,325	246	3,604	7,141	562	26,071
Q2	226	3,635	3,245	1,187	5,216	2,161	2,096	258	3,674	7,409	584	26,447
Q3	219	3,493	3,086	1,213	5,253	2,287	1,982	242	3,638	7,222	593	26,141
Q4	236	3,768	3,378	1,292	5,431	2,314	2,150	260	3,954	7,585	615	27,604
2020
Q1	260	3,800	3,389	1,208	5,221	2,473	2,435	270	3,975	7,524	586	27,751
Q2	256	3,457	3,093	813	3,813	2,254	2,134	210	3,328	7,497	379	24,141
Q3	245	3,476	3,072	1,225	4,643	2,404	2,018	228	3,510	7,404	507	25,659
Q4	262	3,964	3,555	1,406	5,009	2,541	2,218	255	4,168	8,204	524	28,551
2021
Q1	277	3,850	3,450	1,053	4,495	2,742	2,564	247	3,949	7,724	451	27,352
Q2	273	3,940	3,539	1,310	4,900	2,704	2,342	251	4,187	8,276	512	28,694
Q3	266	3,857	3,455	1,490	5,549	2,886	2,142	265	4,169	8,481	612	29,717
Q4	287	4,249	3,833	1,567	5,902	2,998	2,419	296	4,604	8,532	654	31,509
2022
Q1	297	4,266	3,853	1,356	5,439	3,147	2,647	269	4,551	8,506	713	31,191
Q2	289	4,343	3,912	1,511	5,909	3,118	2,334	266	4,617	8,755	708	31,851
Q3	282	4,154	3,717	1,598	6,091	3,237	2,230	270	4,614	8,751	679	31,906
Q4	302	4,448	4,004	1,639	6,152	3,295	2,412	290	4,891	9,511	702	33,643
2023
Q1	313	4,774	4,282	1,581	6,333	3,591	2,994	324	5,311	9,512	719	35,451
Q2	303	4,664	4,164	1,693	6,609	3,558	2,600	317	5,284	9,715	730	35,473
Q3	294	4,424	3,944	1,716	6,578	3,556	2,450	307	5,061	9,759	755	34,901
Q4	323	4,801	4,307	1,822	6,808	3,561	2,788	337	5,419	10,092	772	36,725
2024
Q1	316	5,230	4,693	1,727	6,868	3,930	3,198	336	5,678	10,310	807	38,403

Percentage change on corresponding period of previous year
2018	3.2	8.8	9.4	10.9	3.2	10.9	3.2	8.8	9.9	5.1	6.2	6.4
2019	22.1	7.6	8.1	7.3	4.7	11.3	6.6	10.6	16.0	6.7	4.0	8.1
2020	11.6	1.0	1.1	-2.8	-10.7	8.1	2.9	-4.3	0.8	4.3	-15.2	-0.2
2021	7.8	8.2	8.9	16.5	11.6	17.2	7.5	9.8	12.9	7.8	11.7	10.5
2022	6.1	8.3	8.5	12.6	13.2	12.9	1.7	3.4	10.4	7.6	25.8	9.7
2023	5.4	8.4	7.8	11.6	11.6	11.5	12.5	17.5	12.9	10.0	6.2	10.9

2018
Q1	2.2	9.5	11.0	-1.4	1.6	10.2	1.7	-13.7	7.3	5.4	8.0	5.0
Q2	2.6	8.9	9.0	12.9	3.2	13.6	7.4	23.6	9.2	5.0	2.2	6.9
Q3	3.8	8.7	9.2	21.2	4.9	15.7	-2.0	0.1	9.5	4.6	12.7	7.0
Q4	4.3	7.9	8.4	11.3	3.3	4.2	5.8	28.9	13.3	5.4	2.3	6.6
2019
Q1	27.6	6.4	6.5	8.7	7.5	13.6	7.3	19.1	17.9	7.4	1.0	9.3
Q2	19.3	10.5	11.8	6.6	4.7	9.1	3.1	3.6	14.4	8.1	7.3	8.2
Q3	16.3	3.4	3.1	2.5	4.2	5.9	7.8	25.1	14.1	5.3	-0.5	6.2
Q4	25.3	10.1	11.2	11.5	2.6	17.4	8.2	-0.1	17.8	6.1	8.2	8.9
2020
Q1	9.8	4.1	4.0	10.5	3.9	13.0	4.7	9.6	10.3	5.4	4.4	6.4
Q2	13.1	-4.9	-4.7	-31.5	-26.9	4.3	1.8	-18.6	-9.4	1.2	-35.0	-8.7
Q3	12.1	-0.5	-0.5	0.9	-11.6	5.1	1.8	-5.8	-3.5	2.5	-14.6	-1.8
Q4	11.3	5.2	5.2	8.8	-7.8	9.8	3.2	-1.7	5.4	8.2	-14.8	3.4
2021
Q1	6.3	1.3	1.8	-12.8	-13.9	10.9	5.3	-8.5	-0.6	2.6	-23.1	-1.4
Q2	6.9	14.0	14.4	61.0	28.5	20.0	9.7	19.1	25.8	10.4	35.1	18.9
Q3	8.3	11.0	12.5	21.7	19.5	20.0	6.2	16.2	18.8	14.6	20.8	15.8
Q4	9.6	7.2	7.8	11.5	17.8	18.0	9.1	16.0	10.4	4.0	24.8	10.4
2022
Q1	7.4	10.8	11.7	28.8	21.0	14.8	3.2	8.8	15.2	10.1	58.2	14.0
Q2	5.9	10.2	10.5	15.4	20.6	15.3	-0.3	6.0	10.3	5.8	38.3	11.0
Q3	6.1	7.7	7.6	7.2	9.8	12.2	4.1	1.8	10.7	3.2	11.0	7.4
Q4	4.9	4.7	4.4	4.6	4.2	9.9	-0.3	-1.9	6.2	11.5	7.4	6.8
2023
Q1	5.3	11.9	11.1	16.6	16.4	14.1	13.1	20.8	16.7	11.8	0.8	13.7
Q2	4.7	7.4	6.4	12.0	11.8	14.1	11.4	19.4	14.4	11.0	3.1	11.4
Q3	4.3	6.5	6.1	7.4	8.0	9.9	9.9	13.9	9.7	11.5	11.2	9.4
Q4	7.2	7.9	7.6	11.2	10.7	8.1	15.6	16.1	10.8	6.1	10.0	9.2
2024
Q1	1.2	9.6	9.6	9.3	8.5	9.5	6.8	3.6	6.9	8.4	12.3	8.3
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.
²See Background Notes for detailed Nace A10 sector descriptions

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

Table 7.5 Compensation of Employees¹ by Nace Rev. 2 A10 Sector² of Origin at Current Market Prices- Seasonally Adjusted												€million
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufacturing	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2018
Q1	181	3,310	2,951	1,048	4,842	1,891	1,960	208	3,058	6,735	557	23,790
Q2	186	3,329	2,956	1,106	4,976	2,005	2,072	234	3,208	6,808	543	24,466
Q3	194	3,452	3,064	1,183	5,030	2,152	1,976	210	3,199	6,938	600	24,932
Q4	192	3,434	3,025	1,118	5,124	1,994	2,027	253	3,350	7,111	564	25,167
2019
Q1	230	3,571	3,145	1,142	5,221	2,143	2,094	234	3,601	7,203	561	26,000
Q2	223	3,644	3,283	1,185	5,224	2,189	2,130	261	3,670	7,368	584	26,477
Q3	228	3,625	3,204	1,208	5,217	2,285	2,151	259	3,650	7,316	598	26,538
Q4	238	3,759	3,328	1,243	5,246	2,341	2,187	250	3,950	7,561	610	27,385
2020
Q1	251	3,708	3,279	1,266	5,447	2,414	2,186	261	3,969	7,558	584	27,644
Q2	253	3,441	3,114	815	3,828	2,282	2,167	213	3,326	7,455	379	24,160
Q3	257	3,637	3,220	1,215	4,588	2,407	2,208	241	3,521	7,464	512	26,051
Q4	263	3,815	3,484	1,349	4,839	2,579	2,246	245	4,166	8,068	521	28,090
2021
Q1	266	3,799	3,349	1,107	4,701	2,669	2,298	240	3,940	7,820	447	27,286
Q2	272	3,907	3,537	1,314	4,918	2,729	2,381	255	4,185	8,235	513	28,710
Q3	278	4,028	3,647	1,478	5,468	2,896	2,354	278	4,183	8,540	619	30,123
Q4	285	4,161	3,761	1,504	5,734	3,048	2,442	286	4,603	8,464	652	31,178
2022
Q1	287	4,169	3,732	1,423	5,670	3,057	2,369	261	4,539	8,602	705	31,081
Q2	290	4,304	3,894	1,517	5,904	3,140	2,378	271	4,616	8,718	710	31,848
Q3	295	4,375	3,932	1,584	6,016	3,254	2,457	281	4,628	8,890	687	32,466
Q4	297	4,416	3,958	1,576	6,029	3,355	2,430	282	4,891	9,310	702	33,287
2023
Q1	303	4,598	4,119	1,655	6,547	3,491	2,674	315	5,297	9,546	709	35,134
Q2	304	4,627	4,134	1,699	6,578	3,575	2,652	323	5,283	9,680	732	35,454
Q3	307	4,677	4,184	1,697	6,526	3,578	2,704	320	5,077	9,834	764	35,483
Q4	318	4,814	4,281	1,760	6,715	3,628	2,806	329	5,420	9,982	774	36,546
2024
Q1	307	4,990	4,488	1,804	7,045	3,824	2,854	348	5,661	10,223	796	37,852

Percentage change on previous quarter
2018
Q1	-1.9	3.3	5.3	4.0	-2.5	-1.0	2.1	5.4	3.4	0.6	0.7	0.8
Q2	2.8	0.6	0.2	5.5	2.8	6.1	5.7	12.5	4.9	1.1	-2.4	2.8
Q3	4.1	3.7	3.6	6.9	1.1	7.3	-4.6	-10.5	-0.3	1.9	10.4	1.9
Q4	-0.9	-0.5	-1.3	-5.5	1.9	-7.4	2.6	20.7	4.7	2.5	-5.9	0.9
2019
Q1	19.7	4.0	4.0	2.2	1.9	7.5	3.3	-7.4	7.5	1.3	-0.5	3.3
Q2	-3.1	2.0	4.4	3.7	0.1	2.1	1.8	11.6	1.9	2.3	4.0	1.8
Q3	2.2	-0.5	-2.4	2.0	-0.1	4.4	1.0	-0.7	-0.5	-0.7	2.5	0.2
Q4	4.6	3.7	3.9	2.9	0.6	2.5	1.7	-3.6	8.2	3.4	1.9	3.2
2020
Q1	5.4	-1.3	-1.5	1.9	3.8	3.1	-0.1	4.3	0.5	-0.0	-4.2	0.9
Q2	1.0	-7.2	-5.0	-35.6	-29.7	-5.5	-0.8	-18.1	-16.2	-1.4	-35.1	-12.6
Q3	1.3	5.7	3.4	49.2	19.9	5.5	1.9	13.1	5.9	0.1	35.1	7.8
Q4	2.3	4.9	8.2	11.0	5.5	7.1	1.7	1.7	18.3	8.1	1.7	7.8
2021
Q1	1.4	-0.4	-3.9	-17.9	-2.9	3.5	2.3	-2.3	-5.4	-3.1	-14.2	-2.9
Q2	2.3	2.8	5.6	18.7	4.6	2.3	3.6	6.3	6.2	5.3	14.9	5.2
Q3	2.2	3.1	3.1	12.5	11.2	6.1	-1.1	9.0	-0.1	3.7	20.6	4.9
Q4	2.4	3.3	3.1	1.8	4.9	5.2	3.7	2.7	10.0	-0.9	5.2	3.5
2022
Q1	0.6	0.2	-0.8	-5.4	-1.1	0.3	-3.0	-8.6	-1.4	1.6	8.1	-0.3
Q2	1.1	3.2	4.3	6.6	4.1	2.7	0.4	3.8	1.7	1.4	0.8	2.5
Q3	1.7	1.6	1.0	4.4	1.9	3.6	3.3	3.9	0.2	2.0	-3.2	1.9
Q4	0.9	1.0	0.7	-0.5	0.2	3.1	-1.1	0.2	5.7	4.7	2.1	2.5
2023
Q1	2.0	4.1	4.1	5.0	8.6	4.0	10.1	11.6	8.3	2.5	1.0	5.5
Q2	0.4	0.6	0.4	2.6	0.5	2.4	-0.8	2.6	-0.3	1.4	3.3	0.9
Q3	0.8	1.1	1.2	-0.1	-0.8	0.1	2.0	-0.7	-3.9	1.6	4.3	0.1
Q4	3.7	2.9	2.3	3.7	2.9	1.4	3.8	2.6	6.8	1.5	1.3	3.0
2024
Q1	-3.3	3.7	4.8	2.5	4.9	5.4	1.7	5.7	4.4	2.4	2.8	3.6
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.
²See Background Notes for detailed Nace A10 sector descriptions

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

Table 7.7 Total number of Employees¹ by Nace Rev. 2 A10 Sector²

Table 7.7 Total number of Employees¹ by Nace Rev. 2 A10 Sector²												'000
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufacturing	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2018
Q1	25	261	232	90	497	100	91	7	186	521	93	1,869
Q2	28	257	227	97	510	103	94	8	198	534	89	1,917
Q3	27	270	240	101	520	110	88	6	194	537	96	1,949
Q4	27	261	232	98	522	105	90	8	199	556	90	1,955
2019
Q1	26	270	238	97	523	106	96	7	203	559	87	1,975
Q2	26	266	231	102	519	108	99	7	202	561	89	1,978
Q3	24	278	247	102	520	118	100	7	197	573	90	2,010
Q4	31	271	241	104	529	113	100	7	205	583	87	2,030
2020
Q1	30	269	241	102	518	114	103	8	212	578	86	2,020
Q2	23	271	243	85	417	120	111	9	180	556	61	1,833
Q3	23	285	250	96	479	115	105	8	185	569	80	1,945
Q4	27	283	255	97	483	125	104	8	179	584	71	1,961
2021
Q1	25	291	264	92	444	127	106	7	184	606	63	1,946
Q2	27	296	266	92	468	129	116	7	208	631	73	2,048
Q3	24	292	262	104	536	138	122	10	216	626	85	2,152
Q4	26	297	266	115	514	158	118	9	222	652	82	2,193
2022
Q1	24	301	268	117	521	154	118	11	221	659	75	2,201
Q2	24	306	271	119	534	155	116	8	224	665	78	2,229
Q3	24	316	278	124	533	150	113	8	225	663	81	2,237
Q4	26	308	269	118	545	153	117	10	229	665	83	2,254
2023
Q1	26	313	277	116	553	156	119	8	233	678	83	2,285
Q2	25	297	261	128	565	161	124	6	237	693	83	2,318
Q3	29	307	270	123	555	163	118	7	241	690	86	2,319
Q4	29	302	266	114	573	151	117	8	243	709	90	2,338
2024
Q1	26	306	267	121	555	157	117	9	255	700	91	2,337

Percentage change on corresponding period of previous year
2018
Q1	-10.2	0.1	0.3	3.9	1.6	1.0	-1.5	-20.4	5.5	2.8	9.1	2.0
Q2	-6.2	-1.3	-1.2	13.3	3.7	4.7	2.1	5.2	8.3	4.2	1.6	3.7
Q3	0.1	-0.3	-0.2	20.5	4.2	6.6	-5.6	-16.2	6.6	4.0	7.3	4.1
Q4	3.6	-1.4	-1.2	11.2	2.5	2.2	-0.9	8.6	11.3	5.8	-0.6	3.7
2019
Q1	5.1	3.5	2.8	7.5	5.3	6.0	6.0	4.0	9.1	7.4	-5.8	5.6
Q2	-8.7	3.5	1.7	5.7	1.8	5.0	4.8	-7.0	2.2	5.0	-0.1	3.2
Q3	-10.5	3.0	2.8	1.7	0.1	6.7	13.7	6.3	1.4	6.8	-6.5	3.1
Q4	15.6	3.7	4.0	7.0	1.4	8.3	11.9	-12.0	2.5	4.8	-3.3	3.8
2020
Q1	16.4	-0.7	1.2	5.9	-0.9	7.7	7.2	10.4	4.1	3.4	-1.7	2.3
Q2	-11.2	2.1	5.3	-16.9	-19.7	11.8	12.5	25.2	-11.0	-0.9	-31.3	-7.3
Q3	-3.2	2.4	1.5	-6.5	-7.9	-2.3	4.3	21.1	-6.2	-0.8	-10.5	-3.2
Q4	-11.5	4.7	5.7	-7.5	-8.8	10.3	4.2	16.4	-12.7	0.1	-18.5	-3.4
2021
Q1	-18.5	8.4	9.5	-10.5	-14.4	11.8	3.3	-0.7	-13.2	4.8	-26.5	-3.7
Q2	15.3	9.2	9.7	8.6	12.1	7.5	4.9	-21.2	15.4	13.6	20.5	11.7
Q3	1.8	2.7	4.5	8.8	11.7	19.7	16.1	21.5	16.8	10.1	5.8	10.6
Q4	-4.5	4.8	4.7	19.3	6.5	26.1	13.0	4.9	24.4	11.6	15.1	11.8
2022
Q1	-2.2	3.5	1.6	27.3	17.5	20.7	10.9	43.2	20.4	8.8	18.2	13.1
Q2	-9.1	3.3	1.9	28.5	14.3	19.4	0.1	17.9	7.5	5.3	6.5	8.8
Q3	-0.7	8.1	6.2	18.6	-0.5	8.9	-6.9	-20.4	4.4	5.9	-4.2	3.9
Q4	-1.7	3.8	1.1	2.3	6.0	-3.0	-0.5	13.2	3.1	2.0	1.5	2.8
2023
Q1	8.3	3.9	3.4	-0.8	6.0	1.4	1.3	-26.0	5.2	2.8	11.2	3.8
Q2	2.0	-2.9	-3.7	8.1	5.6	4.1	6.5	-22.2	5.9	4.3	6.2	4.0
Q3	20.5	-2.9	-2.9	-0.3	4.2	8.4	4.5	-6.5	6.8	4.1	6.4	3.7
Q4	14.6	-1.9	-1.1	-2.9	5.2	-1.3	-0.1	-19.0	6.2	6.7	8.2	3.7
2024
Q1	1.0	-2.4	-3.7	4.1	0.5	0.5	-1.8	9.6	9.4	3.3	10.4	2.3
¹Data from Labour Force Survey
²See Background Notes for detailed Nace A10 sector descriptions

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Table 7.6 Breakdown of Compensation of Employees by Foreign and Domestic enterprises 2024Q1
Period	Foreign	Domestic	Foreign	Domestic
	Amount €m	Amount €m	% of total COE	% of total COE
2020
Q1	8,899	18,853	32.1	67.9
Q2	7,897	16,246	32.7	67.3
Q3	7,810	17,851	30.4	69.6
Q4	8,582	19,970	30.1	69.9
2021
Q1	9,126	18,227	33.4	66.6
Q2	8,895	19,800	31.0	69.0
Q3	8,620	21,098	29.0	71.0
Q4	9,326	22,184	29.6	70.4
2022
Q1	10,993	20,198	35.2	64.8
Q2	10,485	21,366	32.9	67.1
Q3	10,251	21,656	32.1	67.9
Q4	10,655	22,988	31.7	68.3
2023
Q1	12,487	22,966	35.2	64.8
Q2	11,745	23,730	33.1	66.9
Q3	11,182	23,721	32.0	68.0
Q4	11,724	25,003	31.9	68.1
2024
Q1	13,345	25,060	34.7	65.3
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.

Quarterly National Accounts Quarter 1 2024 Final

Compensation of Employees

Compensation of Employees

Compensation of Employees increased by 1.6% in Q1 2024

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