1359_not-searchable
/en/arbeid-og-lonn/statistikker/lonnfinans/aar
1359
Lower increase in annual earnings
statistikk
2003-11-28T10:00:00.000Z
Labour market and earnings
en
lonnfinans, Earnings in financial services, banking, insurance, financial servicesEarnings and labour costs, Labour market and earnings
false

Earnings in financial services, 1 September 2003

The 2015 wage statistics for all industrial sections and various areas in the public sector will be released collectively on 3 March 2016 in the statistics Earnings of all employees.

Content

Published:

This is an archived release.

Go to latest release

Lower increase in annual earnings

The estimated annual earnings for full-time employees in financial intermediation are NOK 408 600 in 2003. This is an increase of 17 300 or 4.4 per cent from 2002. In comparison, the increase in annual earnings from 2001 to 2002 was 5.2 per cent.

Employees in monetary and insurance intermediation have estimated annual earnings of NOK 386 800 in this year. This is an increase of NOK 17 000, or 4.6 per cent, from 2002. In other financial intermediation, the annual earnings are estimated to NOK 484 400, which is up NOK 17 500 or 3.7 per cent.

The annual earnings are estimated using information from wage statistics from at least two years back and information from the wages settlement. The annual earnings measure the average earnings for a calendar year, and may hence differ from the average monthly earnings, which are measured at 1s tSeptember each year. Annual earnings do not include payment for overtime work. The estimated annual earnings for 2001 and 2002 are final, whereas the figures for 2003 are preliminary until wage statistics for 2004 have been established.

Full-time employees in financial intermediation1. Estimated annual earnings,
by division per 1 September. 2001-2003. NOK and percentage change
Division Estimated annual earnings Percentage change
         2001          2002          20032       2001-2002       2002-2003
  NOK Per cent
Financial intermediation, total  372 000  391 300  408 600 5.2 4.4
Monetary and insurance intermediation  349 600  369 800  386 800 5.8 4.6
Other financial intermediation 449 300 466 900 484 400 3.9 3.7
1  NOS Standard Industrial Classification.
2  Preliminary figures.

2,9 per cent increase in average monthly earnings

The average monthly earnings for full-time employees in financial intermediation were NOK 34 300, which was an increase of NOK 1 000 or 2.9 per cent from last year. The average for employees in monetary and insurance intermediation was NOK 32 500, which was an increase of NOK 1 000 or 3.0 per cent. Employees in other financial intermediation also increased their earnings by NOK 1 000 on the average, up to NOK 40 500. This was an increase of 2.7 per cent.

Full-time employees in financial intermediation1. Average monthly earnings,
by division per 1 September. 2001-2003. NOK and percentage change
Division Monthly earnings, total Percentage change
        2001         2002         2003      2001-2002      2002-2003
  NOK Per cent
Financial intermediation, total 31 500 33 300 34 300 5.8 2.9
Monetary and insurance intermediation 29 500 31 500 32 500 6.8 3.0
Other financial intermediation 38 200 39 500 40 500 3.4 2.7
1  NOS Standard Industrial Classification.

About the statistical basis

The statistics are based on information from a sample of enterprises which covers a total of 35 652 full-time employees. According to preliminary figures from the National Accounts for the 3rd quarter of 2003, the statistics cover approximately 47 300 employed in financial intermediation.

Tables: