Gross wages and salaries

Indices of wages and salaries: fourth quarter 2021

Economic indicators
Indices of wages and salaries: fourth quarter 2021

The index of seasonally adjusted wages and salaries in industry amounted to 114.11 in the fourth quarter of 2021. This represents an increase of 3.6% compared to the fourth quarter of 2020.

The index of seasonally adjusted wages and salaries in construction amounted to 118.94 in the fourth quarter of 2021. This represents an increase of 4.5% compared to the fourth quarter of 2020.

The index of seasonally adjusted wages and salaries in trade and repair amounted to 113.16 in the fourth quarter of 2021. This represents an increase of 6.7% compared to the fourth quarter of 2020.

The index of seasonally adjusted wages and salaries in services amounted to 131.45 in the fourth quarter of 2021. This represents an increase of 10.7% compared to the fourth quarter of 2020.

The figures for the fourth of quarter 2021 are provisional.

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Purpose and brief description

Wages and salaries are defined as 'the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in return for work done during the accounting period' regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly or not.

Population

Employers NSSO exercising their economic activity in sections NACE Rev 2 B to N (Industry, construction, retail trade and services)

Frequency

Quarterly

Timing publication

Results available 3 months after the reference period

Definitions

Indices of Total Wages and Salaries : Wages and salaries are defined as 'the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in return for work done during the accounting period' regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly or not.

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