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Compensation of Employees

Compensation of Employees

Compensation of Employees increased by 1% in Q2 2023

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q2 20231
 Amount €mQuarterly % change
Public Admin, Education and Health8,715-0.3
Distribution, Transport, Hotels and Restaurants5,7893.6
Professional, Admin and Support Services4,3524.2
Industry (excl. Construction)4,179-4.9
Information and Communication3,1955.1
Financial and Insurance Activities2,465-0.1
Construction1,5987.1
Arts, Entertainment and Other Services6533.3
Agriculture, Forestry and Fishing180-6.7
Real Estate Activities155-36.2
Total31,2811.0
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.

`-ConstantCurrent
2017Q13.400637497963522.37649882624961
2017Q2-1.540803983522221.39853729230448
2017Q33.968129740585821.52337905344703
2017Q40.1969480192637421.30590245409433
2018Q1-0.3062189700601820.942514349487244
2018Q23.232054295021392.40922652185392
2018Q30.2482201978446052.1880696928747
2018Q42.314366434792991.16343702421854
2019Q10.8275897935553232.93049532148658
2019Q20.9327948174756111.76187590841516
2019Q30.3993453860147230.345337971530213
2019Q40.6463653894269512.17187739399706
2020Q1-1.501093615142191.89191871287832
2020Q2-12.0216999807577-11.3793293728429
2020Q313.50805222905377.01016418545682
2020Q4-1.668066172880235.77925185949962
2021Q1-0.956772030388161-1.17781666220883
2021Q24.973132470370774.51058826526999
2021Q32.03639219084344.69034132920898
2021Q43.524041110665052.32420484740951
2022Q12.391088003310661.87438067264947
2022Q20.5122121722525211.64571299205988
2022Q30.4972985855722251.4182462943064
2022Q40.9598008718103071.5596613784993
2023Q11.705778155982912.44659349389263
2023Q21.022850786569182.8542714980545
Column1Q2 2023Q2 2022
Public Admin, Education and Health9.1032881888.699088833
Distribution, Transport, Hotels and Restaurants5.6012832775.371881499
Industry (excl. Construction)4.3997132194.094917856
Professional, Admin and Support Services4.2252706334.030226909
Information and Communication3.1005134933.097391473
Financial and Insurance Activities2.507307912.461240661
Construction1.4734781571.452683687
Arts, Entertainment and Other Services0.6325639660.599993995
Real Estate Activities0.2338489840.251916611
Agriculture Forestry and Fishing0.1882862240.205269868

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.

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 20219.1246059160218.14449155372
Q3 20218.8639277562219.34231125265
Q4 20219.6121844871520.04096121507
Q1 202210.9819384139618.71848735327
Q2 202210.4536622266819.77393413355
Q3 202210.2227841746120.03926090119
Q4 202210.6085826824621.10680565374
Q1 202312.1430072752219.7370985356
Q2 202311.6975939435421.15127306606

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 2023Q2 2022
Public Admin, Education and Health677.92647.84201
Distribution, Transport, Hotels and Restaurants560.17530.50488
Industry (excl. Construction)293.9302.07533
Professional, Admin and Support Services233.39220.27757
Information and Communication158.63149.93396
Construction126.78116.4916
Financial and Insurance Activities121.67115.00261
Arts, Entertainment and Other Services82.3776.97962
Agriculture Forestry and Fishing24.6523.76244
Real Estate Activities6.268.35125
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 2021)

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 2021)

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