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Quarterly National Accounts Quarter 4 2020

Compensation of Employees

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Year 2020 Analysis

2020 sees a slight drop in total Compensation of Employees compared to 2019

Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, 2020¹
	Amount €m	Annual % change
Public Admin, Education and Health	29,704	5.5
Distribution, Transport, Hotels and Restaurants	17,489	-11.3
Industry (excl. Construction)	14,647	2.2
Professional, Admin and Support Services	13,239	-0.9
Information and Communication	9,111	8.9
Financial and Insurance Activities	8,483	1.7
Construction	4,101	-3.2
Arts, Entertainment and Other Services	1,890	-15.1
Real Estate Activities	795	-7.1
Agriculture, Forestry and Fishing	794	2.2
Total	100,253	-0.1
¹Current Market Prices.

Open in Excel: Quarterly National Accounts Q4 2020 Table 7.1 (XLS 9KB)

The largest drop in compensation of employees was seen in Distribution, Transport, Hotels and Restaurants (-11.3%) and Arts, Entertainment and Other Services (-15.1%) sectors. Information and Communication increased by 8.9%, while Public Admin, Education and Health saw growth of 5.5%.

Column1	2020
Arts, Entertainment and Other Services	-15.1332563630628
Distribution, Transport, Hotels and Restaurants	-11.261344403609
Real Estate Activities	-7.06082577183282
Construction	-3.19925928037059
Professional, Admin and Support Services	-0.945129628119906
Financial and Insurance Activities	1.73105148433428
Agriculture Forestry and Fishing	2.15058401663005
Industry (excl. Construction)	2.24107691399268
Public Admin, Education and Health	5.46698098696132
Information and Communication	8.87097030023429

Quarter 4 2020 Analysis

On a seasonally adjusted basis, total Compensation of Employees grew by 6.3% compared to the previous quarter

Table 7.2 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q4 2020¹
	Amount €m	Quarterly % change
Public Admin, Education and Health	7,803	6.7
Distribution, Transport, Hotels and Restaurants	4,460	2.3
Industry (excl. Construction)	3,910	11.6
Professional, Admin and Support Services	3,526	11.0
Information and Communication	2,380	4.7
Financial and Insurance Activities	2,136	1.3
Construction	1,156	5.2
Arts, Entertainment and Other Services	484	2.0
Agriculture, Forestry and Fishing	201	2.2
Real Estate Activities	196	-3.2
Total	26,253	6.3
¹Current Market Prices, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q4 2020 Table 7.2 (XLS 9KB)

Most sectors experienced growth in this quarter compared to the previous. The largest increase in growth quarter on quarter can be seen in the Industry (excl. Construction) sector with an 11.6% increase on the previous quarter. Compensation of Employees in the Real Estate Activities sector dropped by 3.2% compared to the previous quarter.

Column1	2020 Q4	2020 Q3
Public Admin, Education and Health	7.8028228700864	7.31609604900761
Distribution, Transport, Hotels and Restaurants	4.46002982330801	4.35842357296432
Industry (excl. Construction)	3.91010068880158	3.50413332879907
Professional, Admin and Support Services	3.52586198980674	3.17650577129137
Information and Communication	2.38005700610274	2.27215476120458
Financial and Insurance Activities	2.13599808027325	2.10774326713509
Construction	1.15647249111827	1.09937703245758
Arts, Entertainment and Other Services	0.484463788163429	0.474977822205084
Agriculture Forestry and Fishing	0.200688661131566	0.19627653417017
Real Estate Activities	0.196010088921619	0.202472032581674

Table 7.3 Compensation of Employees¹ by Nace Rev. 2 A10 Sector² of Origin at Current Market Prices

Table 7.3 Compensation of Employees¹ by Nace Rev. 2 A10² Sector of Origin at Current Market Prices												€million
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufact- uring	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2014	647	10,493	9,239	2,285	14,814	4,832	6,646	521	7,649	23,024	1,803	72,713
2015	657	11,199	9,846	2,488	15,694	5,393	7,100	586	8,695	23,464	1,814	77,090
2016	685	11,987	10,618	2,979	16,942	6,003	7,002	663	9,697	24,280	1,925	82,164
2017	709	12,567	11,096	3,584	17,914	6,675	7,533	719	10,728	25,507	1,998	87,933
2018	726	13,357	11,832	3,938	18,739	7,460	7,901	784	11,668	26,822	2,122	93,517
2019	777	14,326	12,745	4,237	19,708	8,369	8,339	855	13,365	28,165	2,227	100,367
2020	794	14,647	13,054	4,101	17,489	9,111	8,483	795	13,239	29,704	1,890	100,253

2014
Q1	161	2,585	2,280	499	3,530	1,174	1,737	124	1,965	5,693	440	17,908
Q2	163	2,565	2,211	568	3,733	1,211	1,550	112	1,856	5,784	450	17,992
Q3	162	2,594	2,286	578	3,697	1,165	1,621	122	1,861	5,706	446	17,952
Q4	161	2,749	2,463	640	3,854	1,282	1,737	163	1,968	5,841	467	18,861
2015
Q1	164	2,789	2,459	584	3,747	1,330	1,915	149	1,987	5,771	463	18,899
Q2	166	2,752	2,407	610	3,901	1,338	1,729	157	2,124	5,836	457	19,070
Q3	165	2,768	2,416	625	3,908	1,356	1,702	137	2,285	5,843	455	19,243
Q4	162	2,891	2,563	669	4,138	1,369	1,754	143	2,299	6,014	438	19,877
2016
Q1	170	2,954	2,612	673	3,999	1,500	1,898	163	2,314	5,916	473	20,061
Q2	172	2,913	2,595	765	4,181	1,464	1,702	173	2,376	6,079	471	20,297
Q3	172	3,050	2,690	752	4,303	1,502	1,681	149	2,440	6,056	491	20,596
Q4	170	3,070	2,720	790	4,459	1,536	1,721	178	2,566	6,229	490	21,210
2017
Q1	177	3,168	2,788	908	4,259	1,610	2,064	206	2,621	6,136	483	21,630
Q2	179	3,053	2,696	879	4,467	1,605	1,834	173	2,708	6,375	499	21,772
Q3	177	3,141	2,773	870	4,447	1,718	1,815	166	2,677	6,386	495	21,893
Q4	176	3,205	2,838	927	4,741	1,742	1,819	173	2,723	6,611	520	22,638
2018
Q1	179	3,390	3,017	887	4,380	1,788	2,133	178	2,782	6,488	522	22,728
Q2	183	3,251	2,864	983	4,670	1,838	2,002	215	2,923	6,693	510	23,269
Q3	182	3,335	2,952	1,044	4,728	2,004	1,809	167	2,904	6,678	558	23,409
Q4	182	3,380	2,999	1,023	4,961	1,830	1,956	224	3,059	6,964	532	24,111
2019
Q1	200	3,606	3,213	972	4,752	2,057	2,270	213	3,296	6,843	535	24,744
Q2	192	3,596	3,204	1,054	4,913	2,019	2,053	218	3,304	7,126	554	25,028
Q3	185	3,438	3,030	1,080	4,954	2,145	1,943	206	3,280	6,908	562	24,702
Q4	200	3,686	3,298	1,131	5,089	2,148	2,073	217	3,486	7,287	575	25,893
2020
Q1	202	3,803	3,387	1,056	4,903	2,327	2,371	231	3,586	7,300	552	26,330
Q2	199	3,481	3,112	748	3,674	2,131	2,082	176	3,005	7,303	372	23,172
Q3	191	3,467	3,061	1,100	4,372	2,285	1,948	189	3,092	7,196	484	24,323
Q4	202	3,896	3,493	1,196	4,540	2,369	2,081	199	3,557	7,905	482	26,428

Percentage change on corresponding period of previous year
2014	4.1	5.8	5.9	9.2	3.6	6.4	0.2	18.2	9.9	1.5	3.7	4.0
2015	1.6	6.7	6.6	8.9	5.9	11.6	6.8	12.5	13.7	1.9	0.6	6.0
2016	4.3	7.0	7.8	19.7	8.0	11.3	-1.4	13.3	11.5	3.5	6.1	6.6
2017	3.6	4.8	4.5	20.3	5.7	11.2	7.6	8.3	10.6	5.1	3.8	7.0
2018	2.4	6.3	6.6	9.9	4.6	11.7	4.9	9.1	8.8	5.2	6.2	6.4
2019	7.0	7.3	7.7	7.6	5.2	12.2	5.5	9.0	14.5	5.0	4.9	7.3
2020	2.2	2.2	2.4	-3.2	-11.3	8.9	1.7	-7.1	-0.9	5.5	-15.1	-0.1

2014
Q1	5.5	5.9	4.5	14.7	3.5	6.2	1.2	10.2	19.1	0.8	-2.6	4.6
Q2	4.4	5.4	4.9	4.9	4.2	12.4	-3.0	-13.5	10.6	0.7	-1.4	3.4
Q3	3.8	5.4	6.2	3.0	3.0	6.0	-2.2	42.7	4.5	1.8	10.1	3.2
Q4	2.6	6.5	8.1	15.1	3.7	1.7	4.7	44.2	6.3	2.8	9.8	4.8
2015
Q1	2.0	7.9	7.9	17.0	6.2	13.3	10.2	20.4	1.1	1.4	5.3	5.5
Q2	1.9	7.3	8.9	7.4	4.5	10.5	11.5	40.0	14.5	0.9	1.6	6.0
Q3	1.7	6.7	5.7	8.0	5.7	16.4	5.0	12.2	22.8	2.4	1.9	7.2
Q4	0.7	5.1	4.1	4.6	7.4	6.8	1.0	-12.2	16.8	3.0	-6.1	5.4
2016
Q1	3.7	5.9	6.2	15.2	6.7	12.8	-0.9	9.4	16.5	2.5	2.0	6.1
Q2	3.9	5.9	7.8	25.3	7.2	9.4	-1.5	10.6	11.9	4.2	3.0	6.4
Q3	4.6	10.2	11.3	20.3	10.1	10.8	-1.2	8.8	6.8	3.6	8.0	7.0
Q4	4.9	6.2	6.1	18.1	7.8	12.2	-1.9	24.4	11.6	3.6	11.9	6.7
2017
Q1	3.9	7.2	6.7	35.1	6.5	7.3	8.7	26.2	13.2	3.7	2.3	7.8
Q2	4.0	4.8	3.9	14.9	6.9	9.6	7.7	-0.1	13.9	4.9	5.9	7.3
Q3	2.9	3.0	3.1	15.7	3.3	14.4	8.0	11.4	9.7	5.4	0.8	6.3
Q4	3.4	4.4	4.3	17.3	6.3	13.4	5.7	-2.6	6.1	6.1	6.1	6.7
2018
Q1	1.5	7.0	8.2	-2.3	2.9	11.1	3.4	-13.4	6.2	5.7	7.9	5.1
Q2	2.3	6.5	6.2	11.9	4.5	14.5	9.2	24.0	7.9	5.0	2.2	6.9
Q3	2.5	6.2	6.5	20.1	6.3	16.6	-0.4	0.4	8.5	4.6	12.8	6.9
Q4	3.3	5.5	5.6	10.3	4.6	5.0	7.5	29.3	12.4	5.3	2.3	6.5
2019
Q1	11.6	6.4	6.5	9.5	8.5	15.1	6.4	19.7	18.5	5.5	2.6	8.9
Q2	4.6	10.6	11.9	7.2	5.2	9.8	2.5	1.6	13.0	6.5	8.7	7.6
Q3	1.9	3.1	2.6	3.4	4.8	7.0	7.4	23.7	13.0	3.5	0.7	5.5
Q4	10.0	9.1	10.0	10.6	2.6	17.4	6.0	-3.2	13.9	4.6	8.1	7.4
2020
Q1	0.8	5.5	5.4	8.7	3.2	13.1	4.5	8.1	8.8	6.7	3.1	6.4
Q2	4.1	-3.2	-2.9	-29.0	-25.2	5.5	1.4	-19.4	-9.0	2.5	-32.9	-7.4
Q3	3.1	0.8	1.0	1.9	-11.8	6.5	0.3	-8.3	-5.7	4.2	-13.9	-1.5
Q4	0.8	5.7	5.9	5.7	-10.8	10.3	0.4	-8.4	2.0	8.5	-16.2	2.1
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.
²See Background Notes for detailed Nace A10 sector descriptions

Open in Excel: Quarterly National Accounts Q4 2020 Table 7.3 (XLS 25KB)

Table 7.4 Compensation of Employees¹ by Nace Rev. 2 A10 Sector² of Origin at Current Market Prices - Seasonally Adjusted

Table 7.4 Compensation of Employees¹ by Nace Rev. 2 A10 Sector² of Origin at Current Market Prices- Seasonally Adjusted												€million
Period	Agriculture Forestry and Fishing	Industry (excl. Construction)	of which Manufact- uring	Construction	Distribution, Transport, Hotels and Restaurants	Information and Communication	Financial and Insurance Activities	Real Estate Activities	Professional, Admin and Support Services	Public Admin, Education and Health	Arts, Entertainment and Other Services	Total
2014
Q1	161	2,564	2,248	528	3,636	1,154	1,639	117	1,938	5,732	439	17,909
Q2	161	2,594	2,262	565	3,712	1,215	1,600	110	1,886	5,744	445	18,032
Q3	162	2,622	2,324	572	3,707	1,175	1,670	136	1,868	5,742	451	18,105
Q4	163	2,719	2,408	619	3,769	1,291	1,754	161	1,951	5,792	468	18,688
2015
Q1	164	2,756	2,421	616	3,854	1,304	1,782	139	1,987	5,819	460	18,880
Q2	164	2,785	2,458	602	3,879	1,347	1,784	155	2,132	5,802	455	19,105
Q3	165	2,795	2,452	622	3,929	1,362	1,766	152	2,291	5,880	457	19,419
Q4	164	2,872	2,524	650	4,026	1,382	1,785	141	2,286	5,959	439	19,705
2016
Q1	169	2,908	2,562	705	4,117	1,468	1,746	162	2,326	5,962	472	20,035
Q2	171	2,952	2,648	752	4,165	1,481	1,746	161	2,363	6,043	470	20,302
Q3	174	3,073	2,723	752	4,310	1,501	1,763	165	2,456	6,107	491	20,790
Q4	172	3,065	2,700	768	4,356	1,550	1,763	177	2,558	6,137	491	21,038
2017
Q1	175	3,109	2,721	949	4,392	1,577	1,881	190	2,603	6,202	484	21,562
Q2	177	3,092	2,750	867	4,451	1,630	1,871	173	2,705	6,335	500	21,801
Q3	180	3,158	2,799	869	4,461	1,708	1,925	182	2,709	6,446	491	22,128
Q4	177	3,213	2,838	901	4,609	1,760	1,867	172	2,722	6,518	521	22,460
2018
Q1	177	3,324	2,931	928	4,516	1,749	1,932	177	2,778	6,547	525	22,652
Q2	182	3,286	2,918	972	4,651	1,874	2,033	201	2,883	6,648	511	23,240
Q3	185	3,354	2,981	1,043	4,723	1,988	1,935	181	2,960	6,767	552	23,688
Q4	182	3,396	3,007	991	4,830	1,848	2,011	223	3,055	6,892	533	23,962
2019
Q1	198	3,540	3,117	1,015	4,896	2,008	2,047	198	3,238	6,874	540	24,554
Q2	190	3,618	3,256	1,047	4,891	2,069	2,078	220	3,299	7,086	556	25,054
Q3	190	3,467	3,073	1,078	4,943	2,131	2,093	222	3,363	7,023	553	25,062
Q4	200	3,702	3,303	1,095	4,984	2,164	2,131	214	3,467	7,194	577	25,728
2020
Q1	199	3,742	3,286	1,100	5,026	2,265	2,133	216	3,523	7,312	559	26,075
Q2	198	3,488	3,156	745	3,657	2,195	2,105	178	3,003	7,272	373	23,213
Q3	196	3,504	3,114	1,099	4,358	2,272	2,108	202	3,177	7,316	475	24,708
Q4	201	3,910	3,493	1,156	4,460	2,380	2,136	196	3,526	7,803	484	26,253

Percentage change on previous quarter
2014
Q1	1.6	0.9	1.3	-1.4	0.2	-8.5	-0.8	5.9	5.4	1.0	3.3	0.5
Q2	-0.1	1.2	0.6	6.9	2.1	5.3	-2.4	-6.2	-2.7	0.2	1.4	0.7
Q3	0.5	1.1	2.8	1.2	-0.1	-3.3	4.4	23.7	-1.0	-0.0	1.3	0.4
Q4	0.9	3.7	3.6	8.2	1.7	9.9	5.0	18.3	4.5	0.9	3.8	3.2
2015
Q1	0.2	1.3	0.5	-0.5	2.3	1.0	1.6	-13.7	1.8	0.5	-1.7	1.0
Q2	0.3	1.1	1.5	-2.1	0.6	3.3	0.1	11.8	7.3	-0.3	-1.2	1.2
Q3	0.6	0.4	-0.2	3.3	1.3	1.1	-1.0	-1.9	7.5	1.3	0.5	1.6
Q4	-0.5	2.7	2.9	4.5	2.5	1.5	1.1	-7.0	-0.2	1.3	-3.9	1.5
2016
Q1	2.8	1.3	1.5	8.5	2.3	6.2	-2.2	14.3	1.7	0.1	7.4	1.7
Q2	0.9	1.5	3.4	6.7	1.2	0.8	-0.0	-0.7	1.6	1.3	-0.4	1.3
Q3	1.8	4.1	2.9	-0.1	3.5	1.3	1.0	2.5	3.9	1.1	4.5	2.4
Q4	-0.9	-0.3	-0.9	2.2	1.1	3.3	0.0	7.4	4.2	0.5	-0.1	1.2
2017
Q1	1.8	1.4	0.8	23.5	0.8	1.7	6.6	7.7	1.8	1.0	-1.3	2.5
Q2	1.3	-0.5	1.1	-8.6	1.3	3.3	-0.5	-9.3	3.9	2.2	3.3	1.1
Q3	1.3	2.1	1.8	0.2	0.2	4.8	2.9	5.3	0.2	1.7	-1.9	1.5
Q4	-1.4	1.7	1.4	3.7	3.3	3.0	-3.0	-5.2	0.5	1.1	6.2	1.5
2018
Q1	0.1	3.4	3.3	3.0	-2.0	-0.6	3.5	2.6	2.0	0.5	0.7	0.9
Q2	2.4	-1.2	-0.4	4.8	3.0	7.1	5.3	13.9	3.8	1.5	-2.6	2.6
Q3	2.1	2.1	2.2	7.3	1.6	6.1	-4.8	-10.2	2.7	1.8	8.0	1.9
Q4	-1.7	1.3	0.9	-4.9	2.3	-7.1	4.0	23.3	3.2	1.8	-3.3	1.2
2019
Q1	8.5	4.2	3.7	2.3	1.4	8.7	1.8	-11.1	6.0	-0.3	1.3	2.5
Q2	-3.9	2.2	4.4	3.2	-0.1	3.0	1.5	11.1	1.9	3.1	2.8	2.0
Q3	-0.1	-4.2	-5.6	3.0	1.1	3.0	0.7	1.0	1.9	-0.9	-0.4	0.0
Q4	5.2	6.8	7.5	1.6	0.8	1.6	1.8	-3.7	3.1	2.4	4.3	2.7
2020
Q1	-0.3	1.1	-0.5	0.5	0.9	4.7	0.1	0.8	1.6	1.6	-3.2	1.3
Q2	-0.5	-6.8	-3.9	-32.3	-27.2	-3.1	-1.3	-17.6	-14.8	-0.6	-33.3	-11.0
Q3	-0.9	0.5	-1.3	47.6	19.2	3.5	0.1	13.7	5.8	0.6	27.5	6.4
Q4	2.2	11.6	12.2	5.2	2.3	4.7	1.3	-3.2	11.0	6.7	2.0	6.3
¹Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done. Compensation of employees is made up of the following components: (a) wages and salaries and (b) employers’ social contributions.
²See Background Notes for detailed Nace A10 sector descriptions

Open in Excel: Quarterly National Accounts Q4 2020 Table 7.4 (XLS 23KB)

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Quarterly National Accounts Quarter 4 2020

Compensation of Employees

Compensation of Employees

Year 2020 Analysis

2020 sees a slight drop in total Compensation of Employees compared to 2019

Quarter 4 2020 Analysis

On a seasonally adjusted basis, total Compensation of Employees grew by 6.3% compared to the previous quarter

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