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Compensation of Employees

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First quarter of 2021 sees Compensation of Employees drop by over 4%, compared to corresponding period of previous year, following full lockdown

Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q1 20211
 Amount €mQuarterly % change
Public Admin, Education and Health7,427-4.9
Distribution, Transport, Hotels and Restaurants4,193-5.1
Industry (excl. Construction)3,654-6.5
Professional, Admin and Support Services3,437-1.8
Information and Communication2,3880.3
Financial and Insurance Activities2,2072.8
Construction914-21.1
Arts, Entertainment and Other Services402-15.9
Agriculture, Forestry and Fishing194-3.2
Real Estate Activities187-3.9
Total25,004-4.5
1Current Market Prices, seasonally adjusted.

The largest drop was seen in Construction (-17.4%) and Arts, Entertainment and Other Services (-27.5%) sectors. While Information and Communication increased by 5.7%, Financial and Insurance Activities by 4.1% and Public Admin, Education and Health by 1.7%.

Column1Q1 2021Q4 2020
Public Admin, Education and Health7.426946012772937.81118319335243
Distribution, Transport, Hotels and Restaurants4.193054992630914.41741336572986
Industry (excl. Construction)3.654460960142683.90710264966037
Professional, Admin and Support Services3.436568885556583.50084109633539
Information and Communication2.388462420343042.38118911824713
Financial and Insurance Activities2.207143601600432.14627596316112
Construction0.9138278593115391.1581258468721
Arts, Entertainment and Other Services0.4024154328941260.478549699804584
Agriculture Forestry and Fishing0.1937230268303530.20020767033249
Real Estate Activities0.1871690389116080.19477772681396

On a seasonally adjusted basis, total Compensation of Employees decreased by 4.5% compared to the previous quarter. Most sectors experience a decrease in this quarter compared to the previous. Largest decrease in growth quarter on quarter can be seen in Construction (-21.1%) and Arts, Entertainment and Other Services (-15.9%) sectors. While Information and Communication increased by 0.3% and Financial and Insurance Activities increased by 2.8%.

Table 7.2 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 A10 Sector2 of Origin at Current Market Prices - Seasonally Adjusted


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