DREM releases, for the first time, a time series on average monthly earnings per employee

The Regional Directorate of Statistics of Madeira (DREM) releases, for the first time, indicators on average monthly earnings per employee of enterprises with tax residence in the Autonomous Region of Madeira (ARM). This information results from the statistical use of the data from the "Monthly Statement of Earnings(DMR/SS)" sent by enterprises to Social Security and from the "Contributive Relation" of the subscribers of Caixa Geral de Aposentações (Civil Servants Pension Fund).

The information for Madeira was made available by Statistics Portugal (INE) following a request from DREM and will be released every quarter.

The results refer to moving quarters ending in the reference month. Monthly (since March 2014) and annual (since 2014) indicators of gross monthly earnings per employee are provided, broken down by earnings component (total, regular and base), economic activity, enterprise size (measured by the number of employees), institutional sector, market and tradable nature of the goods and services produced and use of technology and knowledge intensity.

Gross monthly earnings per employee increased by 1.5% in the 4^th quarter of 2021 and by 4.0% in 2021 in nominal terms

In the 4^th quarter of 2021, gross monthly earnings per employee increased by 1.5% compared to the same period in 2020 standing at 1,454 euros. Regular earnings (which does not include e.g. overtime, holiday and Christmas bonuses) and base earnings (which excludes e.g. food allowance, seniority earnings or bonuses) rose by 1.9% and 1.8% to 1,080 euros and 1,035 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 1.1%, 0.8% and 0.7%, respectively. These results comprise 93.8 thousand jobs corresponding to Social Security’s beneficiaries and subscribers of the Caixa Geral de Aposentações.

Compared to the previous year, the largest increases in total earnings were registered in "Information and Communication activities" (+11.6%), in enterprises with 1 to 4 employees (+5.9%), in the private sector (+3.1%) and in enterprises in "Low-technology manufacturing industries" (+6.2%). The smallest changes in total earnings were recorded in "Agriculture, farming of animals, hunting, forestry and fishing" (-3.3%), in enterprises with 50-99 employees (-3.7%), in the government sector (0.0%) and in "Other knowledge intensive services" (+0.3%).

In the 4^th quarter of 2021, the gross monthly earnings per employee in the Region (1,454 euros) was 53 euros (-3.5%) lower than in the country (1,507 euros) and 16 euros (+1.1%) higher than in the Autonomous Region of Azores (1,438 euros). The nominal change compared to the previous year was 1.9% in the country and 2.1% in the Autonomous Region of the Azores. In real terms, the change in the country was -0.5%.

As in the Region, both in the country and in the Autonomous Region of the Azores (ARA), the sector with the highest total gross wages was "Electricity, gas, steam, hot and cold water and cold air". 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, while in the ARA it was the enterprises in the class with 500 or more employees. In the three geographical units, total gross monthly earnings per employee in the private sector were higher than in the general government sector, by 3.1% and 0.0% in the Autonomous Region of Madeira, by 2.8% and 0.0% in Portugal and by 3.3% and -0.4% in the Azores and Madeira, respectively.

As for 2021, the gross monthly earnings per employee increased by 4.0% compared to 2020, to 1,308 euros. The regular component grew by 3.7% to 1,085 euros, while the base earnings rose by 3.5% to 1,041 euros. The real changes were 2.8%, 2.6% and 2.4%, respectively. The gross monthly earnings per employee were 1,361 euros in 2021 at the national level, higher than the regional average, with a lower increase compared to 2020 than that of ARM, both in nominal terms (+3.4%) and in real terms (+2.1%).

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