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Quarterly National Accounts Quarter 1 2021 Final

Compensation of Employees

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Compensation of Employees falls 3.7% compared with Q4 2020, reflecting continued economic restrictions

Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q1 2021¹
	Amount €m	Quarterly % change
Public Admin, Education and Health	7,569	-4.4
Distribution, Transport, Hotels and Restaurants	4,239	-5.0
Industry (excl. Construction)	3,722	-2.3
Professional, Admin and Support Services	3,496	-2.6
Information and Communication	2,503	3.3
Financial and Insurance Activities	2,185	1.3
Construction	934	-21.1
Arts, Entertainment and Other Services	409	-15.1
Real Estate Activities	211	-5.0
Agriculture, Forestry and Fishing	195	-1.7
Total	25,463	-3.7
¹Current Market Prices, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2021 Table 7.1 (XLS 9KB)

First quarter of 2021 sees Compensation of Employees drop by 2.9% compared to corresponding period of previous year following full lockdown. Largest drop seen in Construction (-14.5%), Distribution, Transport, Hotels and Restaurants (-15.9%) and Arts, Entertainment and Other Services (-25.9%) sectors. While Information and Communication increased by 9.4%, Financial and Insurance Activities by 4.4% and Public Admin, Education and Health by 1%.

Column1	Q1 2021	Q4 2020
Public Admin, Education and Health	7.56853960638138	7.91334742111485
Distribution, Transport, Hotels and Restaurants	4.23917261463668	4.46240633091069
Industry (excl. Construction)	3.7221938261663	3.80815171016106
Professional, Admin and Support Services	3.49577737555285	3.58936054698552
Information and Communication	2.5033540808255	2.42373244591916
Financial and Insurance Activities	2.18450489481607	2.15581844478756
Construction	0.934176314194779	1.18449698340919
Arts, Entertainment and Other Services	0.408801919012044	0.481347198113377
Real Estate Activities	0.211192631223246	0.222322318378568
Agriculture Forestry and Fishing	0.195080026959348	0.198522581371969

On a seasonally adjusted basis, Compensation of Employees decreased by 3.7% compared to the previous quarter. Most sectors experience a decrease in this quarter compared to Q4 2020. The largest decrease in growth quarter on quarter can be seen in Construction (-21.1%) and Arts, Entertainment and Other Services (-15.1%) sectors. While Information and Communication increased by 3.3% and Financial and Insurance Activities increased by 1.3%.

Table 7.2 Compensation of Employees¹ by Nace Rev. 2 A10 Sector² of Origin at Current Market Prices

Table 7.2 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 Manufacturing	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	10,507	9,253	2,300	14,772	4,838	6,559	568	7,637	23,369	1,790	72,987
2015	658	11,215	9,861	2,508	15,649	5,398	7,011	634	8,681	23,820	1,842	77,415
2016	686	12,005	10,634	3,002	16,897	6,007	6,911	714	9,681	24,618	1,951	82,471
2017	710	12,585	11,113	3,611	17,870	6,676	7,408	775	10,717	25,897	2,020	88,270
2018	727	13,383	11,855	3,961	18,700	7,465	7,736	848	11,646	27,205	2,145	93,815
2019	776	14,227	12,649	4,147	19,463	8,472	8,100	903	13,349	28,858	2,208	100,503
2020	790	14,731	13,120	4,118	17,443	9,248	8,425	879	13,415	30,253	1,881	101,183

2014
Q1	161	2,588	2,283	502	3,520	1,176	1,715	135	1,962	5,779	437	17,975
Q2	163	2,568	2,214	572	3,722	1,213	1,530	122	1,853	5,870	447	18,060
Q3	162	2,597	2,289	582	3,687	1,166	1,600	133	1,858	5,779	443	18,007
Q4	161	2,753	2,467	644	3,844	1,283	1,714	178	1,965	5,941	463	18,945
2015
Q1	164	2,793	2,463	589	3,736	1,331	1,891	161	1,983	5,865	470	18,984
Q2	166	2,756	2,411	615	3,889	1,339	1,707	170	2,121	5,918	465	19,146
Q3	165	2,772	2,420	630	3,897	1,357	1,680	148	2,281	5,925	462	19,317
Q4	162	2,895	2,567	675	4,126	1,371	1,732	155	2,295	6,112	445	19,968
2016
Q1	170	2,959	2,616	678	3,989	1,501	1,873	176	2,310	6,005	479	20,140
Q2	172	2,917	2,599	770	4,170	1,465	1,680	187	2,372	6,152	478	20,363
Q3	173	3,055	2,694	757	4,291	1,503	1,659	160	2,436	6,136	498	20,668
Q4	170	3,074	2,725	796	4,447	1,537	1,699	191	2,563	6,325	497	21,300
2017
Q1	177	3,173	2,793	915	4,248	1,610	2,029	222	2,618	6,236	489	21,718
Q2	179	3,057	2,701	885	4,456	1,605	1,804	187	2,705	6,457	504	21,840
Q3	178	3,145	2,777	876	4,436	1,718	1,785	179	2,674	6,490	501	21,982
Q4	176	3,210	2,843	934	4,729	1,742	1,789	187	2,720	6,715	526	22,729
2018
Q1	180	3,397	3,023	893	4,371	1,789	2,089	193	2,777	6,574	527	22,789
Q2	183	3,258	2,870	989	4,660	1,840	1,960	232	2,917	6,775	515	23,330
Q3	182	3,342	2,958	1,051	4,718	2,005	1,771	180	2,898	6,784	564	23,496
Q4	182	3,387	3,005	1,029	4,951	1,831	1,915	242	3,053	7,072	538	24,200
2019
Q1	200	3,573	3,181	952	4,691	2,084	2,222	224	3,278	7,030	531	24,785
Q2	191	3,556	3,168	1,027	4,853	2,043	1,990	230	3,319	7,290	549	25,049
Q3	185	3,417	3,010	1,058	4,894	2,170	1,881	219	3,273	7,094	558	24,750
Q4	199	3,681	3,290	1,110	5,026	2,173	2,007	231	3,479	7,443	571	25,919
2020
Q1	201	3,807	3,391	1,050	4,869	2,370	2,347	247	3,578	7,426	548	26,443
Q2	198	3,493	3,124	739	3,615	2,167	2,049	194	3,037	7,426	366	23,284
Q3	190	3,485	3,074	1,103	4,369	2,306	1,935	211	3,149	7,322	481	24,552
Q4	200	3,946	3,530	1,225	4,590	2,406	2,094	226	3,650	8,079	487	26,905
2021
Q1	197	3,820	3,414	897	4,097	2,592	2,451	220	3,503	7,500	406	25,682

Percentage change on corresponding period of previous year
2014	4.1	5.8	5.9	8.9	3.7	6.3	-0.2	18.5	10.0	1.5	3.8	3.9
2015	1.6	6.7	6.6	9.0	5.9	11.6	6.9	11.6	13.7	1.9	2.9	6.1
2016	4.3	7.0	7.8	19.7	8.0	11.3	-1.4	12.6	11.5	3.3	5.9	6.5
2017	3.6	4.8	4.5	20.3	5.8	11.1	7.2	8.5	10.7	5.2	3.5	7.0
2018	2.4	6.3	6.7	9.7	4.6	11.8	4.4	9.4	8.7	5.0	6.2	6.3
2019	6.7	6.3	6.7	4.7	4.1	13.5	4.7	6.6	14.6	6.1	2.9	7.1
2020	1.8	3.5	3.7	-0.7	-10.4	9.2	4.0	-2.6	0.5	4.8	-14.8	0.7

2014
Q1	5.5	5.9	4.5	14.5	3.6	6.2	0.9	10.4	19.2	0.8	-2.4	4.6
Q2	4.5	5.4	4.8	4.7	4.3	12.4	-3.4	-13.4	10.6	0.6	-1.1	3.3
Q3	3.9	5.4	6.2	2.8	3.1	5.9	-2.6	43.0	4.5	1.5	10.1	3.1
Q4	2.6	6.5	8.1	14.9	3.8	1.6	4.3	44.4	6.4	2.9	9.8	4.8
2015
Q1	2.0	7.9	7.9	17.2	6.2	13.2	10.3	19.5	1.1	1.5	7.6	5.6
Q2	1.9	7.3	8.9	7.6	4.5	10.4	11.6	38.9	14.5	0.8	3.9	6.0
Q3	1.7	6.7	5.7	8.2	5.7	16.3	5.0	11.4	22.8	2.5	4.3	7.3
Q4	0.7	5.2	4.1	4.8	7.3	6.8	1.1	-12.9	16.8	2.9	-3.9	5.4
2016
Q1	3.7	5.9	6.2	15.1	6.8	12.8	-0.9	8.8	16.5	2.4	1.8	6.1
Q2	3.9	5.9	7.8	25.2	7.2	9.4	-1.6	10.0	11.9	3.9	2.8	6.4
Q3	4.6	10.2	11.3	20.3	10.1	10.8	-1.3	8.2	6.8	3.6	7.7	7.0
Q4	4.9	6.2	6.1	18.0	7.8	12.2	-1.9	23.7	11.6	3.5	11.6	6.7
2017
Q1	3.9	7.2	6.7	35.0	6.5	7.2	8.3	26.5	13.3	3.9	2.1	7.8
Q2	4.0	4.8	3.9	14.9	6.9	9.6	7.4	0.2	14.0	5.0	5.6	7.3
Q3	2.9	3.0	3.1	15.7	3.4	14.3	7.6	11.7	9.8	5.8	0.7	6.4
Q4	3.4	4.4	4.3	17.3	6.3	13.3	5.3	-2.3	6.2	6.2	5.8	6.7
2018
Q1	1.5	7.1	8.2	-2.5	2.9	11.1	2.9	-13.2	6.1	5.4	7.9	4.9
Q2	2.3	6.5	6.3	11.7	4.6	14.6	8.7	24.4	7.8	4.9	2.1	6.8
Q3	2.6	6.2	6.5	19.9	6.3	16.7	-0.8	0.7	8.4	4.5	12.7	6.9
Q4	3.3	5.5	5.7	10.1	4.7	5.1	7.0	29.7	12.2	5.3	2.3	6.5
2019
Q1	11.4	5.2	5.2	6.7	7.3	16.5	6.4	16.1	18.0	6.9	0.6	8.8
Q2	4.4	9.2	10.4	3.8	4.1	11.1	1.5	-0.9	13.8	7.6	6.5	7.4
Q3	1.7	2.2	1.8	0.7	3.7	8.2	6.2	21.3	12.9	4.6	-1.2	5.3
Q4	9.2	8.7	9.5	7.9	1.5	18.7	4.8	-4.8	13.9	5.3	6.1	7.1
2020
Q1	0.3	6.5	6.6	10.2	3.8	13.7	5.6	10.5	9.2	5.6	3.3	6.7
Q2	3.6	-1.8	-1.4	-28.0	-25.5	6.0	3.0	-15.6	-8.5	1.9	-33.4	-7.0
Q3	2.6	2.0	2.1	4.2	-10.7	6.2	2.9	-3.3	-3.8	3.2	-13.8	-0.8
Q4	0.7	7.2	7.3	10.4	-8.7	10.7	4.3	-1.8	4.9	8.5	-14.7	3.8
2021
Q1	-1.9	0.4	0.7	-14.5	-15.9	9.4	4.4	-11.2	-2.1	1.0	-25.9	-2.9
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 Q1 2021 Table 7.2 (XLS 25KB)

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

Table 7.3 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 Manufacturing	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	2,577	2,251	531	3,625	1,155	1,618	129	1,934	5,834	431	17,995
Q2	161	2,600	2,258	570	3,702	1,218	1,579	120	1,883	5,852	445	18,130
Q3	162	2,618	2,322	576	3,696	1,176	1,649	146	1,865	5,813	450	18,149
Q4	163	2,726	2,425	623	3,759	1,294	1,732	174	1,949	5,860	465	18,744
2015
Q1	164	2,793	2,425	620	3,843	1,300	1,759	152	1,983	5,953	464	19,031
Q2	164	2,793	2,456	608	3,870	1,353	1,762	169	2,129	5,898	463	19,210
Q3	165	2,801	2,450	627	3,917	1,362	1,744	162	2,287	5,953	467	19,485
Q4	165	2,833	2,539	654	4,010	1,388	1,764	152	2,283	6,031	446	19,726
2016
Q1	169	2,883	2,565	712	4,105	1,459	1,721	176	2,322	6,008	476	20,031
Q2	171	2,978	2,650	758	4,158	1,488	1,724	175	2,359	6,128	476	20,415
Q3	173	3,091	2,719	757	4,299	1,504	1,740	174	2,451	6,210	501	20,900
Q4	172	3,066	2,713	773	4,340	1,556	1,742	189	2,554	6,218	496	21,107
2017
Q1	175	3,089	2,723	959	4,380	1,564	1,845	209	2,602	6,285	488	21,597
Q2	178	3,108	2,753	874	4,446	1,633	1,843	188	2,702	6,441	504	21,917
Q3	180	3,186	2,807	873	4,451	1,715	1,894	192	2,704	6,557	503	22,255
Q4	177	3,227	2,840	907	4,587	1,764	1,838	184	2,718	6,614	523	22,541
2018
Q1	178	3,286	2,932	935	4,509	1,737	1,885	194	2,778	6,652	529	22,682
Q2	182	3,325	2,923	979	4,651	1,875	1,995	220	2,878	6,734	515	23,353
Q3	186	3,395	3,014	1,046	4,713	2,001	1,896	191	2,950	6,863	566	23,807
Q4	182	3,386	2,988	997	4,800	1,853	1,973	239	3,042	7,039	533	24,046
2019
Q1	198	3,483	3,083	996	4,845	2,022	1,992	212	3,235	7,080	534	24,597
Q2	190	3,620	3,213	1,020	4,847	2,091	2,020	234	3,316	7,281	549	25,168
Q3	190	3,512	3,109	1,053	4,882	2,168	2,030	230	3,348	7,213	560	25,187
Q4	198	3,672	3,238	1,075	4,890	2,195	2,068	227	3,443	7,376	564	25,707
2020
Q1	199	3,677	3,289	1,095	5,013	2,291	2,096	237	3,541	7,446	552	26,148
Q2	196	3,561	3,167	736	3,614	2,230	2,079	198	3,038	7,421	366	23,438
Q3	196	3,601	3,203	1,100	4,355	2,305	2,099	220	3,226	7,409	483	24,994
Q4	199	3,808	3,443	1,184	4,462	2,424	2,156	222	3,589	7,913	481	26,440
2021
Q1	195	3,722	3,318	934	4,239	2,503	2,185	211	3,496	7,569	409	25,463

Percentage change on previous quarter
2014
Q1	1.5	0.5	0.7	-1.9	0.2	-8.5	-1.1	6.9	5.4	1.0	2.0	0.3
Q2	0.0	0.9	0.3	7.4	2.1	5.4	-2.4	-6.3	-2.6	0.3	3.1	0.8
Q3	0.5	0.7	2.8	1.0	-0.2	-3.5	4.4	21.1	-1.0	-0.7	1.1	0.1
Q4	0.8	4.1	4.4	8.2	1.7	10.0	5.0	19.5	4.5	0.8	3.4	3.3
2015
Q1	0.2	2.5	-0.0	-0.4	2.2	0.5	1.6	-13.1	1.8	1.6	-0.2	1.5
Q2	0.4	0.0	1.3	-2.0	0.7	4.1	0.2	11.5	7.3	-0.9	-0.2	0.9
Q3	0.6	0.3	-0.2	3.1	1.2	0.6	-1.0	-4.2	7.4	0.9	0.9	1.4
Q4	-0.4	1.1	3.6	4.4	2.4	1.9	1.1	-6.0	-0.2	1.3	-4.6	1.2
2016
Q1	2.8	1.8	1.0	8.8	2.4	5.1	-2.4	15.6	1.7	-0.4	6.9	1.6
Q2	0.8	3.3	3.3	6.5	1.3	2.0	0.2	-0.7	1.6	2.0	-0.0	1.9
Q3	1.6	3.8	2.6	-0.2	3.4	1.1	0.9	-0.5	3.9	1.3	5.2	2.4
Q4	-0.6	-0.8	-0.2	2.2	1.0	3.5	0.1	8.7	4.2	0.1	-1.1	1.0
2017
Q1	1.8	0.7	0.3	24.0	0.9	0.5	5.9	10.4	1.9	1.1	-1.5	2.3
Q2	1.2	0.6	1.1	-8.9	1.5	4.4	-0.1	-9.9	3.8	2.5	3.3	1.5
Q3	1.1	2.5	2.0	-0.0	0.1	5.0	2.8	2.4	0.1	1.8	-0.4	1.5
Q4	-1.2	1.3	1.2	3.8	3.1	2.8	-2.9	-4.1	0.5	0.9	4.1	1.3
2018
Q1	0.2	1.8	3.2	3.1	-1.7	-1.5	2.5	5.3	2.2	0.6	1.1	0.6
Q2	2.1	1.2	-0.3	4.7	3.2	7.9	5.8	13.1	3.6	1.2	-2.5	3.0
Q3	2.3	2.1	3.1	6.8	1.3	6.7	-4.9	-12.9	2.5	1.9	9.9	1.9
Q4	-1.9	-0.3	-0.9	-4.6	1.9	-7.4	4.0	25.1	3.1	2.6	-5.8	1.0
2019
Q1	8.8	2.9	3.2	-0.1	0.9	9.1	1.0	-11.3	6.3	0.6	0.0	2.3
Q2	-4.3	3.9	4.2	2.4	0.0	3.4	1.4	10.2	2.5	2.8	2.9	2.3
Q3	0.3	-3.0	-3.3	3.2	0.7	3.7	0.5	-1.8	1.0	-0.9	2.0	0.1
Q4	4.0	4.5	4.1	2.0	0.2	1.2	1.9	-1.4	2.8	2.3	0.8	2.1
2020
Q1	0.6	0.2	1.6	1.9	2.5	4.4	1.4	4.6	2.9	0.9	-2.2	1.7
Q2	-1.2	-3.2	-3.7	-32.8	-27.9	-2.7	-0.9	-16.5	-14.2	-0.3	-33.8	-10.4
Q3	-0.3	1.1	1.1	49.4	20.5	3.4	1.0	11.2	6.2	-0.2	32.0	6.6
Q4	1.4	5.7	7.5	7.7	2.5	5.1	2.7	0.9	11.3	6.8	-0.3	5.8
2021
Q1	-1.7	-2.3	-3.6	-21.1	-5.0	3.3	1.3	-5.0	-2.6	-4.4	-15.1	-3.7
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 Q1 2021 Table 7.3 (XLS 23KB)

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Quarterly National Accounts Quarter 1 2021 Final

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