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Compensation of Employees

Compensation of Employees

Compensation of Employees remains unchanged in Q3 2023

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q3 20231
 Amount €mQuarterly % change
Public Admin, Education and Health8,8331.3
Distribution, Transport, Hotels and Restaurants5,719-1.1
Professional, Admin and Support Services4,276-1.7
Industry (excl. Construction)4,099-1.6
Information and Communication3,2832.4
Financial and Insurance Activities2,4891.0
Construction1,486-6.9
Arts, Entertainment and Other Services622-4.4
Agriculture, Forestry and Fishing26447.1
Real Estate Activities20230.6
Total31,2710.0
1Constant Market Prices, seasonally adjusted.

On a seasonally adjusted basis, total Compensation of Employees remains unchanged in the third quarter of 2023. Largest increase in growth quarter on quarter by sector can be seen in Agriculture, Forestry and Fishing sector (47.1%). Construction had the largest decrease of 6.9% this quarter compared to the previous.

`-ConstantCurrent
2017Q13.422370263919342.37252243767364
2017Q2-1.569352869820421.40440329048979
2017Q33.974537481976661.4867582438521
2017Q40.2002324303327021.34823131810749
2018Q1-0.3052501650515230.938610011722196
2018Q23.233619011887092.38957468741415
2018Q30.2534396667823682.17550896952941
2018Q42.306197266555231.20408187510694
2019Q10.8300201147520982.92081943785514
2019Q20.9151346538878951.72856308715065
2019Q30.4411518107329670.362543915273179
2019Q40.6255116088114432.20045251673921
2020Q1-1.532131231660361.88325228565913
2020Q2-12.0211606864002-11.4357620043986
2020Q313.62769914245237.08362040696792
2020Q4-1.75315864482245.81015813134724
2021Q1-1.01471294649771-1.21429527938359
2021Q25.019697981491954.35534292977477
2021Q32.178665387881024.92912994373914
2021Q43.381210074363792.31749515132529
2022Q12.320110361806771.79050952404523
2022Q20.5688381365961.37339815928578
2022Q30.7061582046247221.8891997601645
2022Q40.7368303966161411.48785429106991
2023Q11.63476441957082.27960556412589
2023Q21.107284654846622.52802789892979
2023Q30.00338546362187219-0.400376804321989
Column1Q3 2023Q3 2022
Public Admin, Education and Health8.1533884867.947731917
Distribution, Transport, Hotels and Restaurants5.7136696775.342869353
Industry (excl. Construction)4.1668346394.382687971
Professional, Admin and Support Services4.2430987523.929540975
Information and Communication3.2488403712.960290476
Financial and Insurance Activities2.3961083142.380081891
Construction1.5299464311.583269563
Arts, Entertainment and Other Services0.6364148720.598578612
Real Estate Activities0.20447280.226237981
Agriculture Forestry and Fishing0.2488060740.18718687

The third quarter of 2023 sees Compensation of Employees increase by 3.4% compared to the corresponding period of the previous year. The largest increase by sector can be seen in the Agriculture, Forestry and Fishing sector up 32.9%. Real Estate Activities had the largest decrease of 9.6% 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 202312.1500320522319.72664166707
Q2 202311.7099223328421.15902138858
Q3 202311.0852250929721.0014550336

In Q3 of 2023, just over 65% of total Compensation of Employees comes from domestic enterprises leaving just under 35% 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.

Q3 2023Q3 2022
Public Admin, Education and Health674.41645.51215
Distribution, Transport, Hotels and Restaurants551.42527.02765
Industry (excl. Construction)303.54311.21608
Professional, Admin and Support Services237.59222.11977
Information and Communication160.04145.31478
Construction122.01122.39615
Financial and Insurance Activities116.3111.38381
Arts, Entertainment and Other Services85.8880.87362
Agriculture Forestry and Fishing28.2723.76244
Real Estate Activities7.167.64977
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