In the 1^st quarter of 2022

Gross monthly earnings per employee in the Autonomous Region of Madeira increased by 1.9%

In the 1^st quarter of 2022, the gross monthly earnings per employee (per job) increased by 1.9% compared to the same period in 2021 standing at 1,198 euros. Regular earnings (which do not include e.g., overtime, holiday and Christmas bonuses) and base earnings (which excludes e.g., food allowance, seniority earnings or bonuses) rose by 1.1% and by 0.9% to 1,099 euros and 1,054 euros, respectively. In real terms, i.e., subtracting inflation during this period, as measured by the change in the Consumer Price Index of the Region, the average total, regular and base earnings per employee decreased by 1.9%, 2.7% and 2.9%, respectively. These results comprise 94.0 thousand jobs corresponding to Social Security’s beneficiaries and subscribers of Caixa Geral de Aposentações.

Compared to the previous year, the largest increases in total earnings were registered in "Financial and insurance activities" (+24.0%), in enterprises with 1 to 4 employees (+6.5%), in the private sector (+3.4%), in enterprises in "Medium-technology manufacturing industries" (+5.7%) and in enterprises of  “Financial and insurance activities of Knowledge intensity Services” (+24.0%). The smallest changes in total earnings were recorded in "Water supply; sewerage, waste management and remediation activities" (-2.6%), in enterprises with 50-99 employees (-5.7%), in the General government sector (+1.1%) and in " Market knowledge intensive services" (-0.6%).

Gross monthly earnings per employee in the Autonomous Region of Madeira (1,198 euros) was 60 euros (-4.8%) lower than in the country (1,258 euros), in the 1^st quarter of 2022. The nominal change compared to the previous year was 2.2% in the country and in real terms, the change in the country was -2.0%.

In Portugal, the highest total gross wages sector was “Financial and insurance activities" while in the Region it was “Electricity, gas, steam and air conditioning supply” with 2,715 euros and 3,047 euros, respectively. When broken down by employee group, enterprises with 250 to 499 employees registered the highest values both in the Autonomous Region of Madeira and at a national level, with 1,515 euros and 1,487 euros, respectively. In the two geographical units, the total gross monthly earnings per employee in the private sector were year-on-year higher than in the general government sector, by 3.4% and 1.1% in the Region, and by 3.0% and 0.8% in Portugal.

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