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Quarterly National Accounts Quarter 1 2021 Provisional

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 €m	Quarterly % change
Public Admin, Education and Health	7,427	-4.9
Distribution, Transport, Hotels and Restaurants	4,193	-5.1
Industry (excl. Construction)	3,654	-6.5
Professional, Admin and Support Services	3,437	-1.8
Information and Communication	2,388	0.3
Financial and Insurance Activities	2,207	2.8
Construction	914	-21.1
Arts, Entertainment and Other Services	402	-15.9
Agriculture, Forestry and Fishing	194	-3.2
Real Estate Activities	187	-3.9
Total	25,004	-4.5
¹Current Market Prices, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2021 Table 7.1 (XLS 11KB)

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%.

Column1	Q1 2021	Q4 2020
Public Admin, Education and Health	7.42694601277293	7.81118319335243
Distribution, Transport, Hotels and Restaurants	4.19305499263091	4.41741336572986
Industry (excl. Construction)	3.65446096014268	3.90710264966037
Professional, Admin and Support Services	3.43656888555658	3.50084109633539
Information and Communication	2.38846242034304	2.38118911824713
Financial and Insurance Activities	2.20714360160043	2.14627596316112
Construction	0.913827859311539	1.1581258468721
Arts, Entertainment and Other Services	0.402415432894126	0.478549699804584
Agriculture Forestry and Fishing	0.193723026830353	0.20020767033249
Real Estate Activities	0.187169038911608	0.19477772681396

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 7.2 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
2015	657	11,199	9,846	2,488	15,694	5,393	7,100	586	8,695	23,464	1,814	77,090
2016	685	11,987	10,618	2,979	16,942	6,003	7,002	663	9,697	24,280	1,925	82,164
2017	709	12,567	11,096	3,584	17,914	6,675	7,533	719	10,728	25,507	1,998	87,933
2018	726	13,357	11,832	3,938	18,739	7,460	7,901	784	11,668	26,822	2,122	93,517
2019	777	14,326	12,745	4,237	19,708	8,369	8,339	855	13,365	28,165	2,227	100,367
2020	794	14,647	13,054	4,101	17,489	9,111	8,483	795	13,239	29,704	1,890	100,253

2015
Q1	164	2,789	2,459	584	3,747	1,330	1,915	149	1,987	5,771	463	18,899
Q2	166	2,752	2,407	610	3,901	1,338	1,729	157	2,124	5,836	457	19,070
Q3	165	2,768	2,416	625	3,908	1,356	1,702	137	2,285	5,843	455	19,243
Q4	162	2,891	2,563	669	4,138	1,369	1,754	143	2,299	6,014	438	19,877
2016
Q1	170	2,954	2,612	673	3,999	1,500	1,898	163	2,314	5,916	473	20,061
Q2	172	2,913	2,595	765	4,181	1,464	1,702	173	2,376	6,079	471	20,297
Q3	172	3,050	2,690	752	4,303	1,502	1,681	149	2,440	6,056	491	20,596
Q4	170	3,070	2,720	790	4,459	1,536	1,721	178	2,566	6,229	490	21,210
2017
Q1	177	3,168	2,788	908	4,259	1,610	2,064	206	2,621	6,136	483	21,630
Q2	179	3,053	2,696	879	4,467	1,605	1,834	173	2,708	6,375	499	21,772
Q3	177	3,141	2,773	870	4,447	1,718	1,815	166	2,677	6,386	495	21,893
Q4	176	3,205	2,838	927	4,741	1,742	1,819	173	2,723	6,611	520	22,638
2018
Q1	179	3,390	3,017	887	4,380	1,788	2,133	178	2,782	6,488	522	22,728
Q2	183	3,251	2,864	983	4,670	1,838	2,002	215	2,923	6,693	510	23,269
Q3	182	3,335	2,952	1,044	4,728	2,004	1,809	167	2,904	6,678	558	23,409
Q4	182	3,380	2,999	1,023	4,961	1,830	1,956	224	3,059	6,964	532	24,111
2019
Q1	200	3,606	3,213	972	4,752	2,057	2,270	213	3,296	6,843	535	24,744
Q2	192	3,596	3,204	1,054	4,913	2,019	2,053	218	3,304	7,126	554	25,028
Q3	185	3,438	3,030	1,080	4,954	2,145	1,943	206	3,280	6,908	562	24,702
Q4	200	3,686	3,298	1,131	5,089	2,148	2,073	217	3,486	7,287	575	25,893
2020
Q1	202	3,803	3,387	1,056	4,903	2,327	2,371	231	3,586	7,300	552	26,330
Q2	199	3,481	3,112	748	3,674	2,131	2,082	176	3,005	7,303	372	23,172
Q3	191	3,467	3,061	1,100	4,372	2,285	1,948	189	3,092	7,196	484	24,323
Q4	202	3,896	3,493	1,196	4,540	2,369	2,081	199	3,557	7,905	482	26,428
2021
Q1	196	3,702	3,299	882	4,051	2,460	2,469	198	3,451	7,425	400	25,234

Percentage change on corresponding period of previous year
2015	1.6	6.7	6.6	8.9	5.9	11.6	6.8	12.5	13.7	1.9	0.6	6.0
2016	4.3	7.0	7.8	19.7	8.0	11.3	-1.4	13.3	11.5	3.5	6.1	6.6
2017	3.6	4.8	4.5	20.3	5.7	11.2	7.6	8.3	10.6	5.1	3.8	7.0
2018	2.4	6.3	6.6	9.9	4.6	11.7	4.9	9.1	8.8	5.2	6.2	6.4
2019	7.0	7.3	7.7	7.6	5.2	12.2	5.5	9.0	14.5	5.0	4.9	7.3
2020	2.2	2.2	2.4	-3.2	-11.3	8.9	1.7	-7.1	-0.9	5.5	-15.1	-0.1

2015
Q1	2.0	7.9	7.9	17.0	6.2	13.3	10.2	20.4	1.1	1.4	5.3	5.5
Q2	1.9	7.3	8.9	7.4	4.5	10.5	11.5	40.0	14.5	0.9	1.6	6.0
Q3	1.7	6.7	5.7	8.0	5.7	16.4	5.0	12.2	22.8	2.4	1.9	7.2
Q4	0.7	5.1	4.1	4.6	7.4	6.8	1.0	-12.2	16.8	3.0	-6.1	5.4
2016
Q1	3.7	5.9	6.2	15.2	6.7	12.8	-0.9	9.4	16.5	2.5	2.0	6.1
Q2	3.9	5.9	7.8	25.3	7.2	9.4	-1.5	10.6	11.9	4.2	3.0	6.4
Q3	4.6	10.2	11.3	20.3	10.1	10.8	-1.2	8.8	6.8	3.6	8.0	7.0
Q4	4.9	6.2	6.1	18.1	7.8	12.2	-1.9	24.4	11.6	3.6	11.9	6.7
2017
Q1	3.9	7.2	6.7	35.1	6.5	7.3	8.7	26.2	13.2	3.7	2.3	7.8
Q2	4.0	4.8	3.9	14.9	6.9	9.6	7.7	-0.1	13.9	4.9	5.9	7.3
Q3	2.9	3.0	3.1	15.7	3.3	14.4	8.0	11.4	9.7	5.4	0.8	6.3
Q4	3.4	4.4	4.3	17.3	6.3	13.4	5.7	-2.6	6.1	6.1	6.1	6.7
2018
Q1	1.5	7.0	8.2	-2.3	2.9	11.1	3.4	-13.4	6.2	5.7	7.9	5.1
Q2	2.3	6.5	6.2	11.9	4.5	14.5	9.2	24.0	7.9	5.0	2.2	6.9
Q3	2.5	6.2	6.5	20.1	6.3	16.6	-0.4	0.4	8.5	4.6	12.8	6.9
Q4	3.3	5.5	5.6	10.3	4.6	5.0	7.5	29.3	12.4	5.3	2.3	6.5
2019
Q1	11.6	6.4	6.5	9.5	8.5	15.1	6.4	19.7	18.5	5.5	2.6	8.9
Q2	4.6	10.6	11.9	7.2	5.2	9.8	2.5	1.6	13.0	6.5	8.7	7.6
Q3	1.9	3.1	2.6	3.4	4.8	7.0	7.4	23.7	13.0	3.5	0.7	5.5
Q4	10.0	9.1	10.0	10.6	2.6	17.4	6.0	-3.2	13.9	4.6	8.1	7.4
2020
Q1	0.8	5.5	5.4	8.7	3.2	13.1	4.5	8.1	8.8	6.7	3.1	6.4
Q2	4.1	-3.2	-2.9	-29.0	-25.2	5.5	1.4	-19.4	-9.0	2.5	-32.9	-7.4
Q3	3.1	0.8	1.0	1.9	-11.8	6.5	0.3	-8.3	-5.7	4.2	-13.9	-1.5
Q4	0.8	5.7	5.9	5.7	-10.8	10.3	0.4	-8.4	2.0	8.5	-16.2	2.1
2021
Q1	-2.9	-2.6	-2.6	-16.5	-17.4	5.7	4.1	-14.4	-3.8	1.7	-27.5	-4.2
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 23KB)

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
2015
Q1	164	2,756	2,421	616	3,855	1,304	1,782	139	1,987	5,819	460	18,881
Q2	164	2,785	2,459	602	3,881	1,346	1,784	155	2,132	5,802	454	19,106
Q3	165	2,795	2,452	622	3,928	1,362	1,766	152	2,291	5,880	458	19,419
Q4	164	2,871	2,523	650	4,022	1,382	1,787	141	2,287	5,959	439	19,703
2016
Q1	169	2,909	2,562	705	4,116	1,469	1,745	162	2,326	5,962	472	20,034
Q2	171	2,952	2,648	752	4,169	1,481	1,745	161	2,363	6,043	468	20,304
Q3	174	3,073	2,723	752	4,310	1,501	1,763	165	2,455	6,107	493	20,791
Q4	172	3,064	2,700	768	4,353	1,551	1,765	176	2,558	6,138	490	21,037
2017
Q1	175	3,110	2,722	949	4,389	1,577	1,879	191	2,603	6,199	484	21,556
Q2	177	3,092	2,750	867	4,457	1,630	1,870	173	2,707	6,336	498	21,807
Q3	180	3,157	2,797	869	4,461	1,708	1,926	182	2,708	6,446	495	22,132
Q4	177	3,213	2,838	901	4,603	1,761	1,870	172	2,720	6,519	519	22,455
2018
Q1	178	3,326	2,933	928	4,515	1,748	1,929	177	2,780	6,543	523	22,647
Q2	181	3,286	2,919	972	4,660	1,875	2,032	201	2,885	6,650	509	23,252
Q3	185	3,352	2,979	1,044	4,722	1,987	1,936	181	2,958	6,766	559	23,689
Q4	182	3,396	3,006	991	4,816	1,850	2,017	222	3,049	6,895	530	23,947
2019
Q1	198	3,542	3,119	1,014	4,904	2,007	2,042	199	3,245	6,868	538	24,558
Q2	190	3,619	3,257	1,046	4,906	2,069	2,077	220	3,304	7,090	553	25,075
Q3	190	3,463	3,071	1,079	4,941	2,130	2,095	222	3,357	7,020	564	25,061
Q4	199	3,701	3,302	1,095	4,956	2,166	2,139	213	3,452	7,200	571	25,692
2020
Q1	200	3,746	3,287	1,098	5,047	2,263	2,125	218	3,541	7,305	555	26,098
Q2	198	3,488	3,158	744	3,672	2,195	2,104	178	3,008	7,277	371	23,234
Q3	196	3,500	3,112	1,102	4,355	2,272	2,111	202	3,170	7,311	485	24,705
Q4	200	3,907	3,491	1,158	4,417	2,381	2,146	195	3,501	7,811	479	26,196
2021
Q1	194	3,654	3,201	914	4,193	2,388	2,207	187	3,437	7,427	402	25,004

Percentage change on previous quarter
2015
Q1	0.2	1.4	0.6	-0.5	2.3	1.0	1.5	-13.6	1.8	0.5	-1.7	1.0
Q2	0.3	1.0	1.5	-2.1	0.7	3.2	0.1	11.7	7.3	-0.3	-1.4	1.2
Q3	0.7	0.4	-0.3	3.3	1.2	1.2	-1.0	-1.9	7.4	1.3	0.9	1.6
Q4	-0.5	2.7	2.9	4.5	2.4	1.5	1.2	-7.1	-0.2	1.3	-4.1	1.5
2016
Q1	2.9	1.3	1.5	8.5	2.3	6.2	-2.3	14.5	1.7	0.0	7.4	1.7
Q2	0.8	1.5	3.3	6.7	1.3	0.8	0.0	-0.6	1.6	1.4	-0.8	1.4
Q3	1.8	4.1	2.8	-0.0	3.4	1.4	1.0	2.4	3.9	1.1	5.2	2.4
Q4	-1.1	-0.3	-0.8	2.2	1.0	3.3	0.1	7.2	4.2	0.5	-0.5	1.2
2017
Q1	2.0	1.5	0.8	23.5	0.8	1.7	6.5	8.1	1.7	1.0	-1.4	2.5
Q2	1.2	-0.6	1.0	-8.6	1.5	3.3	-0.5	-9.5	4.0	2.2	3.0	1.2
Q3	1.3	2.1	1.7	0.3	0.1	4.8	2.9	5.3	0.0	1.7	-0.5	1.5
Q4	-1.6	1.8	1.4	3.6	3.2	3.1	-2.9	-5.6	0.5	1.1	4.8	1.5
2018
Q1	0.4	3.5	3.3	3.0	-1.9	-0.7	3.2	3.3	2.2	0.4	0.7	0.9
Q2	2.2	-1.2	-0.5	4.8	3.2	7.3	5.3	13.5	3.8	1.6	-2.7	2.7
Q3	2.2	2.0	2.1	7.4	1.3	6.0	-4.7	-10.2	2.5	1.7	9.9	1.9
Q4	-2.0	1.3	0.9	-5.1	2.0	-6.9	4.2	22.7	3.1	1.9	-5.2	1.1
2019
Q1	9.1	4.3	3.7	2.4	1.8	8.5	1.3	-10.1	6.4	-0.4	1.5	2.6
Q2	-4.2	2.2	4.4	3.2	0.0	3.1	1.7	10.2	1.8	3.2	2.9	2.1
Q3	-0.1	-4.3	-5.7	3.1	0.7	2.9	0.9	1.1	1.6	-1.0	1.9	-0.1
Q4	5.0	6.9	7.5	1.5	0.3	1.7	2.1	-4.3	2.8	2.6	1.3	2.5
2020
Q1	0.3	1.2	-0.4	0.2	1.8	4.5	-0.7	2.3	2.6	1.5	-2.8	1.6
Q2	-0.9	-6.9	-3.9	-32.2	-27.2	-3.0	-1.0	-18.5	-15.1	-0.4	-33.1	-11.0
Q3	-0.9	0.3	-1.5	48.0	18.6	3.5	0.3	14.0	5.4	0.5	30.7	6.3
Q4	2.1	11.6	12.2	5.1	1.4	4.8	1.7	-3.8	10.4	6.8	-1.4	6.0
2021
Q1	-3.2	-6.5	-8.3	-21.1	-5.1	0.3	2.8	-3.9	-1.8	-4.9	-15.9	-4.5
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 22KB)

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Quarterly National Accounts Quarter 1 2021 Provisional

Compensation of Employees

Compensation of Employees

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

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