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LON01020 Wages (expenditure) by institutional sector, long-term residency, citizenship, sex and month (1985M01-2024M12)

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Maria Heen
1/13/2025
DKK
M
2/13/2025
1/1/2000
Yes
Statistics Faroe Islands: www.hagstova.fo/en
LON01020_UL_BKNG_MD
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 -  Nil (exactly zero)
 0  Rounded to zero
 •  Not applicable
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 ••• Not disclosed, confidentiality/privacy protected Wage:
Wage as statistical concept is part of the wider definition of compensation of employees. Compensation is divided in to
a) wages and salaries and
b) employers' social contributions. Wage as concept does therefore not include employers' social contributions, such as pension. Wage to employees can be in cash or in kind, paid by an employer to an employee in return for work during an accounting period.The definitions and terms used here are based on the guidelines provided in the 'System of National Accounts' (SNA) by the United Nations and the 'European System of Accounts' (ESA) by Eurostat.
The wage expenditure statistics are based on wages in cash paid by an employer to an employee through the pay-as-you-earn (PAYE) tax system. Thus the wage expenditure statistics only include A-taxed wages (taxes are deducted directly from income) from employers that are economically active in the Faroe Islands. All wages that meet these conditions are included no matter the employee's country of residence. Wages count for each employer. Thus if a person has three different employers they receive three wages. Multiple wages from the same employer are grouped together into one.

long-term residency

Whether a person is deemed as having long-term residency to the Faroes or not. In order to have long-term residency ones has to either have lived in the Faroes for half their life or for 7 out of 10 consecutive years at some point in their life.

citizenship

Citizenship is overall grouped in to continents, but where the number of people is larger, the continent is divided in to smaller parts. Citizenship is based on the country with most inhabitants with said citizenship. For example, Greenland is grouped in to Northern Europe, as they have Danish citizenship, even though the country geographically falls under North America.

institutional sector

Institutional sectors are the sorting of institutional entities by economic activity. The economic activity is determined by whether the goods and services produced are for the market, whether the ownership is public or private, as well as the type of production. The definitions and terms used are based on the guidelines provided in the 'System of National Accounts' (SNA) by the United Nations and the 'European System of Accounts' (ESA) by Eurostat. In the wage expenditure and employment statistics the institutional sectors are grouped differently than normal. Non-financial corporations, finacial corporations, households and organizations are grouped together and divided by whether the ownership is public, private or foreign. Public administration and services is unchanged and is divided in to central government, state government, local government and social security funds. 'The Rest of the World' is a separate institutional sector, which is not part of the wage expenditure statistics, as it only entail the national economy.

employee's activity

Economic activity of the employee's workplace. This is not necessarily the same as the main activity of the employer, as an employer can have several acitivities. For example, an employer can have aquaculture as the main acitivty, but can also have processing of salmon as a minor economic activity. This disctinction is still only available for a small number of economic activities. Economic activity is based on the international statistical classification of economic activities NACE rev. 2. The first and second level are directly comparable. The third level opens up a few subgroups in order to best portray the national economy. On the third level there are 93 economic activities.