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LON01021 Wages (expenditure) by main activity, 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
LON01021_UL_BKNH_MD
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Symbols:  -  Nil (exactly zero)
 0  Rounded to zero
 •  Not applicable
 ••  Not available or too uncertain
 ••• Not disclosed, confidentiality/privacy protected Wage:
Wage as a statistical concept is part of the wider definition of compensation of employees. Compensation is divided into
a) wages and salaries and
b) employers' social contributions.
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.
According to this definition wages and salaries in cash include components such as basic wage, enhanced payments, overtime, holiday pay and employment benefits. Employers' social contributions, such as pension, unemployment insurance and parental leave pay are not included.
The wage 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 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 one has to either have lived in the Faroe Islands for half of their life or for 7 out of 10 consecutive years at some point in their life.

citizenship

Citizenship is overall grouped in to continents, however, in cases of larger number of people it is further divided in to smaller geographical areas. 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.

employee's activity

A person can earn wages from several employers across several main acitivities. The main acitivity of an employee is set to be the main economic activity of the employer from which the largest wage is received. Oher economic activities, from which wages are received are registered as minor acitivities.

employer's main activity

Main activity is attached to the employer that pays the wage. An employer is grouped in to the main activity in which he has the largest activity. A person may have several employers, and the employer from which the most wage is paid is set to be the person's main activity of work. Main activity is not necessarily the actual economic activity of the work done for the wages paid as an employer may cover several economic activities. Main 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.