Finland: personnel costs in the manufacturing of high-technology industry 2020

The personnel costs of the high-technology manufacturing industry in Finland declined to 1.8 billion euros in 2020. This was the first time during the observed period that the personnel costs in this industry declined in Finland. Notably, the personnel costs in this industry are continuously decreasing over the last years.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.

Find more key insights for the personnel costs in countries like Denmark, Norway, and Sweden.

Annual personnel costs of the high-technology manufacturing industry in Finland from 2009 to 2020 (in million euros)

Characteristic	Annual personnel costs in million euros
2020	1,846.3
2019	1,903.5
2017b	1,833.2
2016	1,984.1
2014	2,199.2
2013b	2,219.7
2011	2,542.1
2010	2,618
2009	2,837.4

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Release date

March 2024

More information

Region

Finland

Survey time period

2009 to 2020

Supplementary notes

b: Break in time series.
The source adds the following information: Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Data coverage corresponds to code C_HTC of CE Rev 2.

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