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 | 8,996 | 0.5 |
Distribution, Transport, Hotels and Restaurants | 5,865 | -2.4 |
Professional, Admin and Support Services | 4,679 | 4.8 |
Industry (excl. Construction) | 4,339 | 11.9 |
Information and Communication | 2,910 | 0.9 |
Financial and Insurance Activities | 2,520 | 3.5 |
Construction | 1,516 | 7.8 |
Arts, Entertainment and Other Services | 637 | 0.3 |
Real Estate Activities | 227 | 13.4 |
Agriculture, Forestry and Fishing | 214 | 0.5 |
Total | 31,904 | 2.7 |
1Constant Market Prices, seasonally adjusted. |
On a seasonally adjusted basis, total Compensation of Employees increased by 2.7% in the first quarter of 2024. The Largest increases in growth quarter on quarter can be seen in Real Estate Activities (13.4%) and Industry (11.9%). The only sector that witnessed negative growth quarter on quarter was Distribution, Transport, Hotels and
Restaurants (-2.4%).
`- | Constant | Current |
---|---|---|
2018Q1 | -0.268726032675204 | 0.57922171786764 |
2018Q2 | 3.27647986538777 | 2.6144327266477 |
2018Q3 | 0.267737195875695 | 2.26966171533576 |
2018Q4 | 2.22046769420399 | 1.20119565219878 |
2019Q1 | 0.983684637074389 | 2.62044883132793 |
2019Q2 | 0.692530482053422 | 1.86236860729301 |
2019Q3 | 0.591735289852857 | 0.480699855998612 |
2019Q4 | 0.589927843360938 | 2.43290721987743 |
2020Q1 | -1.45604915164772 | 1.21186644252558 |
2020Q2 | -12.1877342449597 | -11.1652008596058 |
2020Q3 | 13.7408326440177 | 7.28257433488151 |
2020Q4 | -1.63620204499557 | 6.13767291742109 |
2021Q1 | -1.15956398879936 | -2.42019547015958 |
2021Q2 | 5.02620358993235 | 5.20637627100702 |
2021Q3 | 2.12343569510793 | 5.08396067810482 |
2021Q4 | 3.75052003553096 | 2.92662131537018 |
2022Q1 | 1.92136025757821 | -0.313876585721784 |
2022Q2 | 0.662369880378333 | 2.85749049330102 |
2022Q3 | 0.581838452199501 | 2.1021025254625 |
2022Q4 | 1.26822317737114 | 2.32473205644732 |
2023Q1 | 1.24881738954896 | 3.00893415253589 |
2023Q2 | 1.02937428780812 | 1.23458224248392 |
2023Q3 | -0.11404021302811 | 0.509942348774284 |
2023Q4 | -0.443318509634483 | 2.0275296413647 |
2024Q1 | 2.68313875642421 | 4.71895346824955 |
Column1 | Q1 2024 | Q1 2023 |
---|---|---|
Public Admin, Education and Health | 9.118328263 | 9.106822851 |
Distribution, Transport, Hotels and Restaurants | 5.859682686 | 5.610412254 |
Industry (excl. Construction) | 4.411652365 | 4.414640024 |
Professional, Admin and Support Services | 4.684631951 | 4.278852682 |
Information and Communication | 2.936183618 | 3.103020297 |
Financial and Insurance Activities | 2.570023976 | 2.507781913 |
Construction | 1.475695241 | 1.458129359 |
Arts, Entertainment and Other Services | 0.6366252 | 0.62346895 |
Real Estate Activities | 0.220298 | 0.237806867 |
Agriculture Forestry and Fishing | 0.213956932 | 0.190407115 |
Compensation of Employees increased by 1.9% 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 (12.4%).
Foreign | Domestic | |
Q1 2020 | 9.13250177066821 | 17.3398738693318 |
Q2 2020 | 8.10283238550504 | 15.200469177495 |
Q3 2020 | 8.02424890564824 | 16.5620394063518 |
Q4 2020 | 8.79953818773885 | 18.1513877442612 |
Q1 2021 | 9.37406458317531 | 16.6933714798247 |
Q2 2021 | 9.12436824789215 | 18.1440189451079 |
Q3 2021 | 8.86369002959325 | 19.3417925004068 |
Q4 2021 | 9.61191909640014 | 20.0404078875999 |
Q1 2022 | 10.9818025503866 | 18.7182557766134 |
Q2 2022 | 10.453517836316 | 19.773661007684 |
Q3 2022 | 10.2225965803477 | 20.0388931686523 |
Q4 2022 | 10.6083888479148 | 21.1064200010852 |
Q1 2023 | 12.3430330384771 | 20.7490669995229 |
Q2 2023 | 11.635816528298 | 21.347024042702 |
Q3 2023 | 11.0914802401652 | 21.3482339918348 |
Q4 2023 | 11.5090145951287 | 22.2119492388713 |
Q1 2024 | 13.2051069677879 | 22.9286806155522 |
In Q1 of 2024, 63.5% of total Compensation of Employees came from domestic enterprises, with 36.5% 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 | 700.1566928 | 677.788710025 |
Distribution, Transport, Hotels and Restaurants | 555.3099236 | 552.5189070956 |
Industry (excl. Construction) | 305.7153853 | 313.2224603878 |
Professional, Admin and Support Services | 254.5752681 | 232.7556443103 |
Information and Communication | 156.852606 | 156.0109058966 |
Construction | 120.5113631 | 115.8076535836 |
Financial and Insurance Activities | 117.3447384 | 119.4782535906 |
Arts, Entertainment and Other Services | 91.427028 | 82.8451490044 |
Agriculture Forestry and Fishing | 26.4951417 | 26.2343843182 |
Real Estate Activities | 26.4951417 | 7.9420547809 |
Please note: Table 7.4 was updated on 7 June 2024 to rectify an error in the percentage changes for the 2023 quarters. There were no changes to the underlying figures, all other values remain as published on 6 June 2024.
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