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Wages and Profits

Wages and Profits

Compensation of Employees increased by 10.9% in 2023 while Net Operating Surplus and Net Mixed Income is down 14.3%

Online ISSN: 2811-5724
CSO statistical release, , 11am
Compensation of EmployeesNet Operating Surplus & Net Mixed IncomeConsumption of Fixed CapitalOther Taxes less Other Subsidies on Production
Agriculture, Forestry & Fishing1.233219252452373.076522166902621.30505940169738-1.14913946528844
Industry (excl. Construction)18.662670509140677.48692014157359.2014726122121.23815192693891
Construction6.811194726531295.347142938838930.4618200499610750.0343706534414828
Distribution, Transport, Hotels & Restaurants26.328033600025218.95640178141364.683080350916740.717090745746039
Information & Communication14.265959106014553.875253985387926.73376155191210.222945103767467
Financial & Insurance Activities10.831550662071610.07365330550142.343589067498560.613371627495301
Real Estate Activities1.2860133885765819.45185181472969.007721574670380.720088478055444
Professional, Admin & Support Services21.076234322724916.584657751187118.58541199501290.0621433984921444
Public Admin, Education & Health39.07900536097593.500584632218745.306598914881270.0150309313085602
Arts, Entertainment & Other Services2.976563405509662.478147743752450.628370260147550.077189681921946

Figure 4.1 shows the total of each component that makes up Gross Value Added at current market prices by Nace Rev. 2 A10 sector. Industry (excl. Construction) has the highest total value for Net Operating Surplus and Net Mixed Income followed by Information & Communication. Public Admin, Education & Health has the highest total for Compensation of Employees.

Table 4.1 Gross Value Added Components by Nace Rev. 2 A64 Sector at Current Market Prices, 2023

Table 4.1 provides a detailed breakdown of all components that make up gross value added at current market prices by Nace Rev. 2 A64 sector. The table also provides a detailed breakdown of sector contributions to Gross Value Added by Nace Rev. 2 A64 sector.

The combined sectors 19, 20, 21, 26 which includes the Manufacture of Coke & Refined Petroleum Products; Basic Chemicals; Pharmaceutical Products; Computer, Electronic & Optical Products, contributes 24.4% to the total of Gross Value Added.

Table 4.2 Component Percentage Contribution to NACE Sector Gross Value Added by Nace Rev. 2 A64, 2023

Table 4.2 provides a detailed breakdown of the contribution of each component of Gross Value Added by Nace Rev. 2 A64 sector.

Foreign-owned MNE dominatedOther
Compensation of Employees16.183.9
Net Operating Surplus & Net Mixed Income57.142.9
Consumption of Fixed Capital62.437.6
Other Taxes less Other Subsidies on Production18.281.8
Gross Value Added at Basic Prices46.253.8

Figure 4.2 and Table 4.3 provides a breakdown of the components of Gross Value Added by Foreign-owned MNE Dominated and Other sectors. Foreign-owned MNE Dominated sectors include Nace Codes: 19, 20, 21, 26, 31, 32, 58, 61, 62 and 63.

Foreign-owned MNE Dominated sectors make up 46.2% of total Gross Value Added at current market prices while all Other sectors make up over 53.8%. When it comes to Compensation of Employees Foreign-owned MNE Dominated sectors make up 16.1% of the total while all Other sectors make up 83.9%.

Table 4.3 Breakdown of Foreign-owned multinational enterprise dominated sector and Other sectors, 2023

Table 4.4 Compensation of Employees by Nace Rev. 2 A21 Sector at Constant Market Prices, 2023

Table 4.4 shows Compensation of Employees at constant market prices by Nace Rev. 2 A21 and a percentage change of each sector compared to the previous year.

The sector with the largest growth in Compensation of Employees at constant prices is Professional, Scientific and Technical Activities (11.5%).

Employers' Social ContributionWages & Salaries
Agriculture, Forestry & Fishing196.5519079644651036.66734431735
Industry (excl. Construction)2912.3805893170915750.2899181004
Construction750.35533451496060.83939570607
Distribution, Transport, Hotels & Restaurants3413.8299557077822914.203651486
Information & Communication1846.0183165161612419.940793435
Financial & Insurance Activities1988.450470020068843.10018693193
Real Estate Activities151.1002488059631134.91314033702
Professional, Admin & Support Services2508.5167629186718567.7175686446
Public Admin, Education & Health7155.8467162713131923.1586264861
Arts, Entertainment & Other Services370.3390468660172606.22435966989

Figure 4.3 shows Employers' Social Contribution and Wages & Salaries as a percentage of total Compensation of Employees by Nace Rev. 2 A10 sector. Financial & Insurance Activities has the highest percentage of Employers’ Social Contributions (18.4%).

Table 4.5 provides a detailed breakdown of the components that make up Compensation of Employees by Nace Rev. 2 A64 Sector.

Nearly 92% of total Compensation of Employees for Accommodation; food & beverage service activities are made up of Wages & Salaries, while nearly 22% of total Compensation of Employees for Public administration & defence; compulsory social security is made up of Employers' Social Contribution.

Table 4.5 Compensation of Employees, Wages and Salaries and Employers Social Contribution by Nace Rev. 2 A64 Sector at Current Market Prices, 2023

2023
1 - 10,000 euro1.50108069907214
10,001 - 20,000 euro4.05909845145696
20,001 - 30,000 euro6.15061749638551
30,001 - 40,000 euro9.46695962518753
40,001 - 50,000 euro10.1475166875395
50,001 - 60,000 euro9.34382737727265
60,001 - 70,000 euro7.93254623050895
70,001 - 80,000 euro6.88626187442245
80,001 - 90,000 euro6.3676084903144
90,001 - 100,000 euro5.4500164565192
100,001 - 110,000 euro4.43453908259789
110,001 - 120,000 euro3.64310411152235
120,001 - 130,000 euro2.89323503207652
130,001 - 140,000 euro2.29801332022087
140,001 - 150,000 euro1.92325125946234
150,001 - 175,000 euro3.50137461918817
175,001 - 200,000 euro2.41563033159791
200,001 - 250,000 euro3.09706244352751
250,001 - 300,000 euro1.97239762276075
300,001 - 400,000 euro2.28737537701522
400,001 - 500,000 euro1.113588004237
500,001 - 750,000 euro1.22888226428166
Over 750,001 euro1.88601314283257

Figure 4.4 shows the percentage contribution to total Compensation of Employees (COE) broken down into 23 income distribution groups for 2023. The two income distribution groups with the highest contribution to total COE in 2023 are earners in the €30,001 - €40,000 and €40,001 - €50,000 brackets, with a combined contribution to total COE of nearly 20%.

Table 4.6 Compensation of Employees by Income Distribution