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Compensation of Employees

Compensation of Employees

Compensation of Employees increased by 0.6% in Q3 2024

Online ISSN: 2009-5775
CSO statistical publication, , 11am
Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q3 20241
 Amount €mQuarterly % change
Public Admin, Education and Health9,6883.0
Distribution, Transport, Hotels and Restaurants6,4201.3
Professional, Admin and Support Services5,479-1.4
Industry (excl. Construction)4,236-2.9
Information and Communication3,180-5.1
Financial and Insurance Activities2,4752.8
Construction1,5701.9
Arts, Entertainment and Other Services7222.6
Agriculture, Forestry and Fishing36513.6
Real Estate Activities30122.2
Total34,4360.6
1Constant Market Prices, seasonally adjusted.

On a seasonally adjusted basis, total Compensation of Employees at constant market prices increased by 0.6% in the third quarter of 2024. Agriculture Forestry and Fishing experienced growth of 13.1% on the previous quarter while Industry (excl. Construction) declined by 2.9%.

`-ConstantCurrent
2018Q1-0.7301927624206890.817795195547011
2018Q24.079756121193532.87462609578129
2018Q30.02828997058170751.8849419225907
2018Q41.782602768681810.949523591460499
2019Q11.374964025162333.26930303470383
2019Q20.5175691791958311.8723498960882
2019Q30.5341305331904690.248695393796106
2019Q40.8214030396572983.18855114680274
2020Q1-1.40057452417780.826085658057596
2020Q2-12.4277783719091-12.4955036733951
2020Q314.397261413657.84266595390408
2020Q4-1.793138559197777.85068044481783
2021Q1-1.46775889868243-3.0726232034696
2021Q25.948571410151025.4318393489647
2021Q32.936001955945234.94566348904883
2021Q43.244576096386353.51052988524183
2022Q12.06030985130816-0.642278506912586
2022Q20.4516505582422562.81830606929674
2022Q31.064204688961931.96245883219144
2022Q40.7828932018096422.50217655914136
2023Q11.227490507104645.12670589896242
2023Q20.9315441056126471.3279932116335
2023Q30.294891684390630.167404081543232
2023Q40.06003328683548142.8765510988505
2024Q11.62717613035633.11417336238851
2024Q20.896409251196806-0.0197396584230014
2024Q30.612960139154040.277485133012512
Column1Q3 2024Q3 2023
Public Admin, Education and Health8.9880878.54433
Distribution, Transport, Hotels and Restaurants6.3612466.197265
Professional, Admin and Support Services5.3576225.014
Industry (excl. Construction)4.2482574.233999
Information and Communication3.3242633.407373
Financial and Insurance Activities2.4150282.369241
Construction1.61810581.5475864
Arts, Entertainment and Other Services0.71931040.7528055
Agriculture Forestry and Fishing0.39057550.3765054
Real Estate Activities0.31970120.2164678

On a non-seasonally adjusted basis, Compensation of Employees at constant market prices increased by 3.3% in Q3 2024 compared to the corresponding period of the previous year. Notably, Professional, Admin and Support Services experienced growth of 6.9%, while Manufacturing declined by 2.9%.

ForeignDomestic
Q1 20209.146071889618.6065421062
Q2 20208.110919604216.0315991848
Q3 20208.032298813717.6284534435
Q4 20208.819246410119.7331716696
Q1 20219.388773952717.9638245059
Q2 20219.134478433519.5605363208
Q3 20218.877179364220.8404499061
Q4 20219.613344937621.8965227314
Q1 202211.019901603820.1711330552
Q2 202210.489844710521.3616459847
Q3 202210.256972164721.6496819093
Q4 202210.66001248822.9832992533
Q1 202312.493843876522.9594112509
Q2 202311.752527069523.7227989942
Q3 202311.187347327323.7160496721
Q4 202311.729690037324.9978453662
Q1 202413.353820127825.0516539459
Q2 202412.378537812825.3327473879
Q3 202411.685177692525.3486521473

In Q3 of 2024, 68.4% of total Compensation of Employees came from domestic enterprises, with 31.6% coming from foreign enterprises.

Foreign enterprises are identified by using institutional sector codes which are outlined in The European System of Accounts. Institutional units are any unit that has autonomy of decision and/or a complete set of accounts. Foreign controlled enterprises are any unit with the following institutional sector code: S.11003, S.12203, S.12303, S.12403, S.12503, S.12603, S.12703, S.12803 and S.12903. The foreign/domestic split is calculated using PMOD company level data.

An estimate of jobs in foreign-owned enterprises is given in table 7.6. This estimate is derived from payroll records in the Revenue PAYE Modernisation file and gives an approximation of aggregate jobs in the foreign-owned sector. A preferred analysis of jobs is to look at the churn rate. The CSO publishes an analysis of labour market churn each quarter which better tracks the movement of employment and jobs across time and economic sector (see: Labour Market Churn Q2 2024 - Central Statistics Office).

Column1Q3 2024Q3 2023
Public Admin, Education and Health726.3470730528690.0088531089
Distribution, Transport, Hotels and Restaurants580.4354601561555.4071708531
Industry (excl. Construction)322.5330258013306.6916107308
Professional, Admin and Support Services246.3729343924240.7512211565
Information and Communication168.0753798174162.6664922441
Construction127.5659610943123.164686602
Financial and Insurance Activities116.8627435503118.2474959748
Arts, Entertainment and Other Services88.105639206886.4857487536
Agriculture Forestry and Fishing33.228954902328.5756561827
Real Estate Activities10.85562227027.2660205662
Table 7.2 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Constant Market Prices (Chain linked annually and referenced to year 2022)

Table 7.3 Compensation of Employees1 by Nace Rev. 2 A10 Sector of Origin at Constant Market Prices - Seasonally Adjusted (Chain linked annually and referenced to year 2022)

Table 7.4 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Current Market Prices

Table 7.5 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Current Market Prices - Seasonally Adjusted

Table 7.6 Breakdown of Compensation of Employees by Foreign and Domestic Enterprises

Table 7.7 Total number of Employees1 by Nace Rev. 2 A10 Sector2