Monthly gross wages and salaries of the 4th quarter over 12,000 kroons

Compared to the 4th quarter of 2006, the average monthly gross wages and salaries as well as the average hourly gross wages and salaries increased the most in fishing (44.0% monthly and 53.2% hourly, respectively), and the least in forestry (8.5% monthly and 9.7% hourly, respectively).

The average gross wages and salaries were 11,564 kroons in October, 12,120 kroons in November and 13,174 kroons in December.

In short term statistics the average gross wages and salaries are measured as a component of labour costs. Labour costs include gross wages and salaries, employer’s social contributions and employer’s imputed social contributions to employees.

In the 4th quarter of 2007 the employer’s average monthly labour costs per employee were 16,518 kroons, the average hourly labour costs per employee were 106.27 kroons. Compared to the 4th quarter of 2006, the average monthly labour costs per employee increased 20.2% and the hourly labour costs increased 20.4%.

Compared to the 4th quarter of 2006, the average monthly labour costs as well as the average hourly labour costs per employee increased the most in fishing (42.7% monthly and 41.6% hourly, respectively), and the least in forestry (9.4% monthly and 9.6% hourly, respectively).

Average monthly gross wages and salaries, 1st quarter 2003 – 4th quarter 2007 (kroons)

Average monthly gross wages and salaries and monthly labour costs per employee, 4th quarter 2007

Average hourly gross wages and salaries and hourly labour costs per employee, 4th quarter 2007

^a The average monthly gross wages and salaries have been given in full time units to enable a comparison of different wages and salaries, irrespective of the length of working time. Calculations of the monthly gross wages and salaries are based on payments for actually worked time and remuneration for time not worked. The hourly gross wages and salaries do not include remuneration for time not worked (holiday leave pay, benefits, etc.).