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News : Irish Economy Last Updated: Nov 7, 2012 - 4:00 PM

Irish Economy: Average annual earnings at €35,905 in 2011
By Finfacts Team
Nov 7, 2012 - 3:53 PM

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Irish Economy: Average annual earnings fell to €35,905 in 2011 from €36,117 in 2010, a decrease of 0.6%. This compares with a revised fall of 1.9% between 2010 and 2009, according to the Central Statistics Office..

Other features of the annual results for the year 2011 include:

  • Annual average other labour costs were €4,870 in 2011 compared with a value of €5,110 in 2010, a fall of 4.7%.

  • Annual average total labour costs* were down 1.1% between 2011 (€40,775) and 2010 (€41,226).

  • Total annual earnings at €54.9bn fell by 2.0% in 2011 from €56.0bn in 2010.

  • In the three years to 2011 total annual earnings have fallen by 14.9%.

* Average total labour costs is the sum of average earnings and average other labour costs.

Average annual earnings fall in 8 of the 13 sectors

Across the economic sectors average annual earnings fell in 8 of the 13 sectors in the year 2011 when compared with average annual earnings in 2010, with the largest percentage decrease in the Arts, entertainment, recreation and other service activities (-6.5%) sector. The largest sectoral percentage increase in annual average earnings was recorded in the Education (+1.7%) sector.

It should be noted that earnings are gross amounts before deductions for PRSI, tax and other levies such as the pension levy in the public sector introduced in March 2009. Estimated averages do not reflect differences in characteristics of the job or the employees, and since EHECS (Earnings, Hours and Employment Costs Survey) collects aggregate data from each enterprise it is not possible to correct for such differences using EHECS data.

Average annual other labour costs down by 4.7% in 2011 from 2010

Average annual other labour costs of €4,870 were down by 4.7% in 2011 compared with €5,110 in 2010. Results showed that average annual other labour costs in the Construction sector had the largest drop of 16.7% when compared with the 2010 value of €5,375. The largest annual increase was in the Education sector where other labour costs at €3,572 were up 7.6% on the 2010 value of €3,320.

Total annual earnings down in 10 of the 13 sector in year 2011

Total annual earnings were down in 10 of the NACE economic sectors with the largest decrease in the Administrative and support services sector, where there was a 9.0% decrease when comparing annual earnings in 2011 and 2010. The largest increase in total annual earnings was in the Transportation and storage sector, which had an increase of 2.0%.

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