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Wages and Profits

Wages and Profits

Net Operating Surplus and Net Mixed Income increased by 9% in 2024

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 & Fishing1.296131648199634.36354263283161.3318847717684-1.24461715716522
Industry (excl. Construction)20.204074909362689.109860554360364.43797913765771.21830717270285
Construction7.632446262604616.158266237869410.4864944354305880.0347811226903653
Distribution, Transport, Hotels & Restaurants28.18852389648418.9314986282264.945006822676520.715096581173552
Information & Communication15.406446275440469.936916928813725.65685449568630.21470372155433
Financial & Insurance Activities10.947620061188713.10842585131622.360600737583750.665053498154885
Real Estate Activities1.3159569114470818.336488840411810.38245419868820.732931358091842
Professional, Admin & Support Services22.58999742550220.744459567161419.01236163013860.0489094216396538
Public Admin, Education & Health42.3293340375652.717933048634045.67565793896596-0.0025184850451849
Arts, Entertainment & Other Services3.218487613487091.933284165401650.6599062395983530.0758414633977593

Figure 4.1 shows Gross Value Added at current market prices by component at economic sector level. In 2024, Industry (excl. Construction) generated the highest Net Operating Surplus and Net Mixed Income (€89 billion) while Public Admin, Education & Health generated the highest Compensation of Employees (€42 billion).

Table 4.1 Gross Value Added Components by Nace Rev. 2 A64 Sector at Current Market Prices, 2024

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 combined sectors 19, 20, 21, 26 which includes the Manufacture of Coke & Refined Petroleum Products; Basic Chemicals; Pharmaceutical Products; Computer, Electronic & Optical Products, generated 24.3% of total Gross Value Added in 2024. 

Table 4.2 Component Percentage Contribution to NACE Sector Gross Value Added by Nace Rev. 2 A64, 2024

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 Employees16.279579579287483.7204204207126
Net Operating Surplus & Net Mixed Income60.050035474259739.9499645257403
Consumption of Fixed Capital61.916791783484638.0832082165154
Other Taxes less Other Subsidies on Production18.975832377210181.0241676227899
Gross Value Added at Basic Prices47.823620697291752.1763793027083

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 made up 47.8% of total Gross Value Added at current market prices while all Other sectors contributed 52.2%. When it comes to Compensation of Employees, Foreign-owned MNE Dominated sectors made up 16.3% of the total, with the remaining 83.7% coming from all Other Sectors.

Table 4.3 Breakdown of Foreign-owned multinational enterprise dominated sector and Other sectors, 2024.

Table 4.3 Breakdown of Foreign-owned multinational enterprise dominated sector and Other sectors, 2024

Table 4.4 Compensation of Employees by Nace Rev. 2 A21 Sector at Constant Market Prices, 2024

Table 4.4 shows Compensation of Employees at constant market prices by Nace Rev. 2 A10 and a percentage change of each sector compared to the previous year. In 2024, total Compensation of Employees grew by 2.9%. At constant market prices, average Compensation per hour worked has been held fixed, implying any increase or decrease is due to a change in labour quantity and/or labour quality.

Employers' Social ContributionWages & Salaries
Agriculture, Forestry & Fishing204.3201217393941091.81152646025
Industry (excl. Construction)3049.4231235019217154.6517858607
Construction901.5723721855036730.87389041909
Distribution, Transport, Hotels & Restaurants3702.9822222497224485.5416742342
Information & Communication2032.7903479396513373.6559275009
Financial & Insurance Activities2020.674752916478926.94530827221
Real Estate Activities151.8010062682351164.15590517884
Professional, Admin & Support Services2763.3790645906519826.6183609113
Public Admin, Education & Health7614.379801938134714.9542356269
Arts, Entertainment & Other Services383.9052384665722834.58237502052

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.

In 2024, Public administration & defence; compulsory social security had the highest Employers' Social Contributions relative to total Compensation of Employees (22.3%), compared with 14.9% for all NACE economic sectors.

Table 4.5 Compensation of Employees, Wages and Salaries and Employers Social Contribution by Nace Rev. 2 A64 Sector at Current Market Prices, 2024

20232024
1 - 10,000 euro1.501080699072141.30260415426204
10,001 - 20,000 euro4.059098451456963.6453367317725
20,001 - 30,000 euro6.150617496385515.45227330218216
30,001 - 40,000 euro9.466959625187538.96908851748882
40,001 - 50,000 euro10.14751668753959.89437611439124
50,001 - 60,000 euro9.343827377272649.22533472354991
60,001 - 70,000 euro7.932546230508957.86386095856083
70,001 - 80,000 euro6.886261874422456.82215614943106
80,001 - 90,000 euro6.367608490314396.22095256679789
90,001 - 100,000 euro5.45001645651925.56971892117259
100,001 - 110,000 euro4.434539082597894.53238304551693
110,001 - 120,000 euro3.643104111522353.73912332167769
120,001 - 130,000 euro2.893235032076523.04303987832219
130,001 - 140,000 euro2.298013320220872.39409884875431
140,001 - 150,000 euro1.923251259462341.9873389095632
150,001 - 175,000 euro3.501374619188173.63336908490868
175,001 - 200,000 euro2.415630331597912.56342373503957
200,001 - 250,000 euro3.09706244352753.30117752051443
250,001 - 300,000 euro1.972397622760752.06972070488265
300,001 - 400,000 euro2.287375377015222.7008216423628
400,001 - 500,000 euro1.1135880042371.33131382177342
500,001 - 750,000 euro1.228882264281661.42497080789552
Over 750,001 euro1.886013142832572.31351653917953

Figure 4.4 shows the percentage contribution to total Compensation of Employees (COE) broken down into 23 income distribution groups for 2023 and 2024. In 2024, all income groups below €90,000 had lower percentage contributions to total Compensation of Employees, while all higher income brackets increased. This overall shift to the right in the distribution of COE can be due to both an increase in salaries and/or an increase the number of employees in certain income brackets. In 2024, nearly 10% of all COE was earned by individuals in the €50,001 - €60,000 group.

Table 4.6 Compensation of Employees by Income Distribution