Earned and capital income
| Updated: 1.3.2013 - Next update: 11.7.2013 |
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National income contracted by 2 per cent in real terms
Net national income grew by 1.5 per cent in nominal terms, but contracted by 2 per cent real terms last year, and was EUR 30,070 per capita. Finland’s gross national income was EUR 194 billion, i.e. the same as GDP. Gross national income fell by 1.6 per cent in real terms, i.e. more than gross domestic product because the terms of trade weakened and primary income from abroad decreased.
Households’ wage and salary income went up by 3.2 per cent and employers’ social insurance contributions by 2.6 per cent. Altogether, compensation of employees rose to 61.2 per cent of the national income. The respective proportion in the previous year was 60.3 per cent. Property and entrepreneurial income in the national economy decreased by 3.9 per cent and their share of the national income stood at 23.3 per cent. The respective proportion in the previous year was 24.7 per cent.
Source:
Statistics Finland / Annual national accounts
Description of indicator
Compensation of employees is defined as the total remuneration, in cash
or in kind, payable by an employer to an employee in return for work done by the
latter during the accounting period.
Property income is the income receivable by the owner of a financial asset or a tangible non-produced asset in return for providing funds to, or putting the tangible non-produced asset at the disposal of, another institutional unit.
