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Press release No. 069 of 25 February 2025 Gross domestic product: detailed results on economic performance in the fourth quarter of 2024
...As the number of employees increased slightly, average gross wages and salaries per employee went up by 4.4% in the 4th quarter of 2024 compared with the same period a year earlier. The increase was smaller in net terms (+4.1%). This is attributable to a base effect as premiums were paid at the end of 2023 to compensate for inflation which were not subject to tax and contribution payments. Compared with the same quarter a year earlier, the rate of growth of household final consumption expenditure at current prices (+2.7%) in the 4th quarter of 2024 was just as weak as in previous quarters. ...
Press Release
Press release No. 325 of 27 August 2024 Gross domestic product: detailed results on economic performance in the 2nd quarter of 2024
...There was a corresponding rise of 5.1% in average gross wages and salaries per employee in the 2nd quarter of 2024 from the same quarter of the previous year. Net average earnings increased slightly more (+5.3%). It is likely that the main contributors to these wage increases are higher wage settlements agreed in view of the rising overall price level and tax-free premiums paid to compensate for inflation. ...
Press Release
Press release No. 205 of 24 May 2024 Gross domestic product: detailed results on economic performance in the 1st quarter of 2024
...Average gross wages and salaries per employee rose 6.1% in the 1st quarter of 2024 compared with the same period a year earlier. In terms of net average earnings the increase was somewhat more marked (+7.1%), which was mainly due to the receipt of premiums to compensate for inflation which were not subject to tax and contribution payments. Total gross wages and salaries rose by 6.5% on a year earlier as the number of employees also increased once more. ...
Press Release
Press release No. 203 of 25 May 2023 Gross domestic product: detailed economic performance results for the 1st quarter of 2023
...Average wages and salaries per employee went up by a gross 5.7% in the first quarter of 2023. Due to the weak development of wage tax revenue, there was a stronger net increase of 7.8% on the same period of the previous year. Contributing factors probably were less short-time work and, in particular, payments of premiums compensating for inflation. ...
Press Release
Press release No. 070 of 24 February 2023 Gross domestic product: detailed results on the economic performance in the 4th quarter of 2022
...Total gross wages and salaries rose 6.8% on a year earlier as the number of employees also went up once more. The increase of net wages and salaries (+7.5%) was slightly larger than that of gross wages and salaries, one of the reasons being the downward effect of the Tax Relief Act 2022. Overall, the extremely high inflation led to noticeable losses in real earnings for employees, on average, also at the end of 2022. ...
Press Release
Press release No. 493 of 25 November 2022 Gross domestic product: detailed economic performance results for the 3rd quarter of 2022
...Total gross wages and salaries rose 5.0% on a year earlier as the number of employees was up, too. The increase of net wages and salaries (+5.2%) was slightly larger than that of gross wages and salaries, one of the reasons being the downward effect of the Tax Relief Act 2022. The savings ratio (9.6%) was below the previous year’s value (10.4%) also in the third quarter of 2022. ...
Press Release
Press release No. 215 of 25 May 2022 Gross domestic product: detailed results on the economic performance in the 1st quarter of 2022
...This is especially due to the massive decrease in short-time work on the first quarter of 2021 and to high extra payments, in particular Covid-19 bonuses. The increase in net average wages and salaries of employees was slightly smaller (+5.0%) because social security contributions and wage tax rose more rapidly than gross wages and salaries. The disposable income of households was by 4.0% higher in the first quarter of 2022 than a year earlier. ...