Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q2 20231 | ||
Amount €m | Quarterly % change | |
Public Admin, Education and Health | 8,715 | -0.3 |
Distribution, Transport, Hotels and Restaurants | 5,789 | 3.6 |
Professional, Admin and Support Services | 4,352 | 4.2 |
Industry (excl. Construction) | 4,179 | -4.9 |
Information and Communication | 3,195 | 5.1 |
Financial and Insurance Activities | 2,465 | -0.1 |
Construction | 1,598 | 7.1 |
Arts, Entertainment and Other Services | 653 | 3.3 |
Agriculture, Forestry and Fishing | 180 | -6.7 |
Real Estate Activities | 155 | -36.2 |
Total | 31,281 | 1.0 |
1Constant Market Prices, seasonally adjusted. |
On a seasonally adjusted basis, total Compensation of Employees increased by 1% in the second quarter of 2023. Largest increase in growth quarter on quarter by sector can be seen in Construction (7.1%). Real Estate Activities had the largest decrease of 36.2% this quarter compared to the previous.
`- | Constant | Current |
---|---|---|
2017Q1 | 3.40063749796352 | 2.37649882624961 |
2017Q2 | -1.54080398352222 | 1.39853729230448 |
2017Q3 | 3.96812974058582 | 1.52337905344703 |
2017Q4 | 0.196948019263742 | 1.30590245409433 |
2018Q1 | -0.306218970060182 | 0.942514349487244 |
2018Q2 | 3.23205429502139 | 2.40922652185392 |
2018Q3 | 0.248220197844605 | 2.1880696928747 |
2018Q4 | 2.31436643479299 | 1.16343702421854 |
2019Q1 | 0.827589793555323 | 2.93049532148658 |
2019Q2 | 0.932794817475611 | 1.76187590841516 |
2019Q3 | 0.399345386014723 | 0.345337971530213 |
2019Q4 | 0.646365389426951 | 2.17187739399706 |
2020Q1 | -1.50109361514219 | 1.89191871287832 |
2020Q2 | -12.0216999807577 | -11.3793293728429 |
2020Q3 | 13.5080522290537 | 7.01016418545682 |
2020Q4 | -1.66806617288023 | 5.77925185949962 |
2021Q1 | -0.956772030388161 | -1.17781666220883 |
2021Q2 | 4.97313247037077 | 4.51058826526999 |
2021Q3 | 2.0363921908434 | 4.69034132920898 |
2021Q4 | 3.52404111066505 | 2.32420484740951 |
2022Q1 | 2.39108800331066 | 1.87438067264947 |
2022Q2 | 0.512212172252521 | 1.64571299205988 |
2022Q3 | 0.497298585572225 | 1.4182462943064 |
2022Q4 | 0.959800871810307 | 1.5596613784993 |
2023Q1 | 1.70577815598291 | 2.44659349389263 |
2023Q2 | 1.02285078656918 | 2.8542714980545 |
Column1 | Q2 2023 | Q2 2022 |
---|---|---|
Public Admin, Education and Health | 9.103288188 | 8.699088833 |
Distribution, Transport, Hotels and Restaurants | 5.601283277 | 5.371881499 |
Industry (excl. Construction) | 4.399713219 | 4.094917856 |
Professional, Admin and Support Services | 4.225270633 | 4.030226909 |
Information and Communication | 3.100513493 | 3.097391473 |
Financial and Insurance Activities | 2.50730791 | 2.461240661 |
Construction | 1.473478157 | 1.452683687 |
Arts, Entertainment and Other Services | 0.632563966 | 0.599993995 |
Real Estate Activities | 0.233848984 | 0.251916611 |
Agriculture Forestry and Fishing | 0.188286224 | 0.205269868 |
The second quarter of 2023 sees Compensation of Employees increase by 4.3% compared to the corresponding period of the previous year. Most sectors experienced growth this quarter, the largest increase can be seen in the Professional, Admin and Support Services sector up by 11.3%. Real Estate Activities had the largest decrease of 34.3% 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 | 18.14449155372 |
Q3 2021 | 8.86392775622 | 19.34231125265 |
Q4 2021 | 9.61218448715 | 20.04096121507 |
Q1 2022 | 10.98193841396 | 18.71848735327 |
Q2 2022 | 10.45366222668 | 19.77393413355 |
Q3 2022 | 10.22278417461 | 20.03926090119 |
Q4 2022 | 10.60858268246 | 21.10680565374 |
Q1 2023 | 12.14300727522 | 19.7370985356 |
Q2 2023 | 11.69759394354 | 21.15127306606 |
In Q2 of 2023, just over 64% of total Compensation of Employees comes from domestic enterprises leaving just under 36% 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.
Q2 2023 | Q2 2022 | |
Public Admin, Education and Health | 677.92 | 647.84201 |
Distribution, Transport, Hotels and Restaurants | 560.17 | 530.50488 |
Industry (excl. Construction) | 293.9 | 302.07533 |
Professional, Admin and Support Services | 233.39 | 220.27757 |
Information and Communication | 158.63 | 149.93396 |
Construction | 126.78 | 116.4916 |
Financial and Insurance Activities | 121.67 | 115.00261 |
Arts, Entertainment and Other Services | 82.37 | 76.97962 |
Agriculture Forestry and Fishing | 24.65 | 23.76244 |
Real Estate Activities | 6.26 | 8.35125 |
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