Wage, salary rise by 1.8% in 2024 Q4

The index of wage and salary earnings, which measures the growth in the nominal earnings of full-time wage and salary earners, rose by 2.7 per cent in October to December 2024 compared to the stipulated period in 2023, according to Statistics Finland.

Over the same period, the real earnings level of wage and salary earners rose by 1.8 per cent because the rise in earnings level was faster than that in consumer prices.

Examined by sector, the nominal earnings level of wage and salary earners rose most in wellbeing services county administration in October to December 2024.

The index for regular earnings, which better describes permanent changes in the level of earnings, rose more than the index of wage and salary earnings in all sectors in October to December 2024.

In October to December 2024, the real earnings of wage and salary earners were clearly lower than the peak reached in 2021.

Examined by sector, the average monthly earnings of full-time wage and salary earners were the highest in other units of central government in October to December 2024.