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Compensation of Employees

Compensation of Employees

Compensation of Employees increased by 0.7% in Q2 2024

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q2 20241
 Amount €mQuarterly % change
Public Admin, Education and Health9,386-0.3
Distribution, Transport, Hotels and Restaurants6,331-0.3
Professional, Admin and Support Services5,5451.9
Industry (excl. Construction)4,3711.4
Information and Communication3,3637.1
Financial and Insurance Activities2,412-1.5
Construction1,5331.3
Arts, Entertainment and Other Services704-7.5
Agriculture, Forestry and Fishing305-3.9
Real Estate Activities234-3.0
Total34,1830.7
1Constant Market Prices, seasonally adjusted.

On a seasonally adjusted basis, total Compensation of Employees increased by 0.7% in the second quarter of 2024. The sector with the largest growth on the previous quarter was Information and Communication (7.1%).

`-ConstantCurrent
2018Q1-0.7421365665110540.833367116601225
2018Q24.086174668680982.86948620695624
2018Q30.06634524552178171.88103682575786
2018Q41.736687260031290.943523876514285
2019Q11.359860112320523.3060932039777
2019Q20.5704713531226261.84851452318087
2019Q30.5218049570121060.22664536266308
2019Q40.8133575389920993.18623339247397
2020Q1-1.429374634378910.915565416710318
2020Q2-12.3791945124055-12.5590584748941
2020Q314.31476226052587.81629175563778
2020Q4-1.706234027289957.84287600990787
2021Q1-1.489395334586-2.94303465993733
2021Q25.86401569304865.31813201907214
2021Q32.950331469425494.90127969020899
2021Q43.399725975970893.52626975039585
2022Q11.97541546746685-0.478722579534396
2022Q20.3299081304507512.68376768815224
2022Q31.125611025673231.87644793940944
2022Q40.9380278280170182.57230769029053
2023Q11.138222557620195.29050384973619
2023Q20.793271759285831.20581707471505
2023Q30.4308919516935020.0183804083113248
2023Q40.1024515882326553.00132368712929
2024Q11.611421870462243.28150895184445
2024Q20.714750891367588-0.138983319466401
Column1Q2 2024Q2 2023
Public Admin, Education and Health9.8153242249.295304317
Distribution, Transport, Hotels and Restaurants6.4032554296.347983024
Professional, Admin and Support Services5.7447586745.301988694
Industry (excl. Construction)4.4062185354.199728688
Information and Communication3.4471322343.370605971
Financial and Insurance Activities2.465140712.50959768
Construction1.5544824681.608654058
Arts, Entertainment and Other Services0.688285930.736856869
Agriculture Forestry and Fishing0.3164167110.283859898
Real Estate Activities0.2328561260.163094496

On a non-seasonally adjusted basis, Compensation of Employees increased by 3.7% in Q2 2024 compared to the corresponding period of the previous year.

ForeignDomestic
Q1 20209.146071889618.6065421062
Q2 20208.110919604216.0315991848
Q3 20208.032298813717.6284534435
Q4 20208.819246410119.7331716696
Q1 20219.388773952717.9638245059
Q2 20219.134478433519.5605363208
Q3 20218.877179364220.8404499061
Q4 20219.613344937621.8965227314
Q1 202211.019901603820.1711330552
Q2 202210.489844710521.3616459847
Q3 202210.256972164721.6496819093
Q4 202210.66001248822.9832992533
Q1 202312.493843876522.9594112509
Q2 202311.752527069523.7227989942
Q3 202311.187347327323.7160496721
Q4 202311.729690037324.9978453662
Q1 202413.353820127825.0516539459
Q2 202412.378537812825.3327473879

In Q2 of 2024, 67.2% of total Compensation of Employees came from domestic enterprises, with 32.8% 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.

Column1Q2 2024Q2 2023
Public Admin, Education and Health729.4980392244692.949068396
Distribution, Transport, Hotels and Restaurants559.288880793564.6619616661
Industry (excl. Construction)324.5422911574297.0139021705
Professional, Admin and Support Services253.3428750337236.6119378968
Information and Communication169.3344486934160.8391693279
Construction120.3906798685128.089960368
Financial and Insurance Activities114.8382949426124.0520791253
Arts, Entertainment and Other Services81.278046690782.950637774
Agriculture Forestry and Fishing27.172221776224.6731799796
Real Estate Activities8.24300487896.4142567535
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 7.3 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 7.4 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 Total number of Employees1 by Nace Rev. 2 A10 Sector2