Finland Average Salaries & Expenditures

 
Contents
Average Salary per Job   Average Salary per Sector   Consumption Expenditure   Workforce Composition
Vacation Time   Exchange Rates   Cost of Living   References
 

Average Salary in Finland - Job and Sector Comparison.

Job  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
General Physician average salary PPP $ 3,177 $ 3,794 Normal hours of work, 2004. Men only. Women make 4,347 euros per month. 5,107 euros 42% 38.0
Dentist average salary PPP $ 2,937 $ 3,507 Normal hours of work, 2004. Men only. Women make 4,249 euros per month. 4,564 euros 40% 37.2
Accountant average salary PPP $ 2,771 $ 3,308 Normal hours of work, 2004. Men only. Women make 3,517 euros per month. 4,166 euros 38% 37.5
Engineer average salary PPP $ 2,544 $ 3,038 Chemical engineer, normal hours of work, 2004. Men only. Women make 3,540 euros per month. 3,706 euros 36% 37.9
Computer Programmer average salary PPP $ 2,470 $ 2,949 Insurance industry, normal hours of work, 2004. Men only. Women make 3,029 euros per month. 3,598 euros 36% 36.6
Professor average salary PPP $ 2,234 $ 2,667 Normal hours of work, 2004. Men only. Women make 2,667 euros per month. 3,155 euros 34% 36.4
Wood Grinder average salary PPP $ 2,144 $ 2,561 Normal hours of work, 2004. Men only. Women make 2,598 euros per month. 3,029 euros 34% 40.1
Teacher average salary PPP $ 1,936 $ 2,311 Normal hours of work, 2004. Men only. Women make 2,586 euros per month. 2,654 euros 32% 36.4
Office Clerk average salary PPP $ 1,884 $ 2,249 Normal hours of work, 2004. Men only. Women make 2,159 euros per month. 2,545 euros 31% 38.2
Professional Nurse average salary PPP $ 1,867 $ 2,230 Normal hours of work, 2004. Women only - men make 2,583 euros per month. 2,487 euros 30% 38.2
Postman average salary PPP $ 1,844 $ 2,202 Normal hours of work, 2004. Men only. Women make 2,198 euros per month. 2,456 euros 30% 38.2
Carpenter average salary PPP $ 1,821 $ 2,174 Normal hours of work, 2004. Men only. Women make 2,208 euros per month. 2,425 euros 30% 40.0
Firefighter average salary PPP $ 1,786 $ 2,132 Normal hours of work, 2004. Men only. Women make 2,275 euros per month. 2,345 euros 29% 38.8
Auxiliary Nurse average salary PPP $ 1,700 $ 2,030 Normal hours of work, 2004. Women only - men make 2,323 euros per month. 2,171 euros 27% 38.3
Baker average salary PPP $ 1,665 $ 1,590 Normal hours of work, 2002. Men only. Women make 1,785 euros per month. 2,122 euros 27% 39.2
Miner average salary PPP $ 1,678 $ 2,004 Other mining and quarrying industry. Normal hours of work, 2004. Men only. Women make 1,836 euros per month. 2,143 euros 27% 40.0
Bus Driver average salary PPP $ 1,624 $ 1,939 Normal hours of work, 2004. Men only. Women make 2,073 euros per month. 2,074 euros 27% 39.9
Car Mechanic average salary PPP $ 1,601 $ 1,912 Normal hours of work, 2004. Men only. Women make 1,864 euros per month. 2,017 euros 26% 38.8
Physiotherapist average salary PPP $ 1,562 $ 1,865 Normal hours of work, 2004. Men only. Women make 1,943 euros per month. 1,968 euros 26% 38.2
Furniture Finisher average salary PPP $ 1,493 $ 1,783 Normal hours of work, 2004. Men only. Women make 1,737 euros per month. 1,856 euros 25% 40.1
Hotel Receptionist average salary PPP $ 1,479 $ 1,766 Normal hours of work, 2004. Women only - men make 2,026 euros per month. 1,838 euros 25% 37.0
Salesperson average salary PPP $ 1,352 $ 1,614 Normal hours of work, 2004. Women only - men make 2,073 euros per month. 1,658 euros 24% 37.1
Garment Cutter average salary PPP $ 1,340 $ 1,600 Normal hours of work, 2004. Men only. Women make 1,500 euros per month. 1,644 euros 24% 40.1
Chambermaid average salary PPP $ 1,294 $ 1,545 Normal hours of work, 2004. Women only - men make 1,569 euros per month. 1,567 euros 23% 37.8
Sector              
Financial average income PPP $ 2,043 $ 2,439 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,930 euros 35% 36.3
Gas-Electricity-Water average income PPP $ 1,952 $ 2,331 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,716 euros 33% 37.2
Real Estate average income PPP $ 1,886 $ 2,252 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,624 euros 33% 35.3
Education average income PPP $ 1,884 $ 2,249 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,621 euros 33% 33.1
Manufacturing average income PPP $ 1,870 $ 2,233 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,564 euros 32% 37.5
Mining-Quarrying average income PPP $ 1,853 $ 2,213 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,504 euros 31% 40.6
All Sectors average income PPP $ 1,820 $ 2,173 Full-time employees, 2004. Excl. primary sector. Excl. seasonal and end-of-year bonuses. 2,459 euros 31% 36.0
Transport-Communication average income PPP $ 1,798 $ 2,147 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,429 euros 31% 38.4
Construction average income PPP $ 1,778 $ 2,123 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 2,368 euros 30% 38.8
Hotels-Restaurants average income PPP $ 1,519 $ 1,814 Full-time employees, 2004. Excl. seasonal and end-of-year bonuses. 1,914 euros 26% 32.5
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by Statistics Finland to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions are obtained from a tax percentage calculator [t] and the OECD tax database [k]. The deductions are representative of single-earner-married-without-child status. The deductions include state income tax, municipal tax, Church tax, national pension contributions, and national health insurance contributions.
  (4) The number of hours is based on data supplied by Statistics Finland to the International Labour Organization. The hours by job correspond to the normal hours of work, while the hours by sector correspond to the hours actually worked.
 
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food (2)  Apparel   Education   Transport     
2002
12,880
11,981
  
458
426
  
4,330
4,028
  
2,285
2,125
  
441
410
  
23
21
  
1,892
1,760
  
constant 2005 US$ at PPP
current euros
(1)    Incl. owner-imputed rent, actual rentals, furnishing, household appliances and equipment, energy.
(2)    Incl. hotels.
Source: Finland Household Budget Survey [24], 2001-2002 (2.15 persons per household).
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 5.0   18.0   7.0   1.9   87.5   9.1  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
2.4 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
5.2 million (2006).
Source:   CIA World Factbook [b].
 

Compulsory Deductions

 :  
31.3% for a single with no child, 20.9% for a single with two children, 31.3% for a one-earner married couple with no child, and 23.6% for a one-earner married couple with two children.
Source:   OECD Tax Database, 2005, combined deductions on a gross monthly salary income of 2,727 euros including family benefits in terms of cash transfers [k].
 

Vacation Time

 :  
5 weeks per year (legally required minimum vacation time), [e].
 

PPP Exchange Rate

 :  
1.020 (2001), 1.009 (2002), 0.980 (2003), 0.960 (2004), 0.951 (2005);
Source:   IMF PPP exchange rates [d], euros per U.S. dollar.
 

Nominal Exchange Rate

 :  
1.115 (2001), 1.057 (2002), 0.883 (2003), 0.804 (2004), 0.803 (2005);
Source:   Interbank nominal exchange rates [a], euros per U.S. dollar.
 

Cost of Living

 :  
0.915 (2001), 0.955 (2002), 1.110 (2003), 1.194 (2004), 1.184 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References
 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[24]   Statistics Finland.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
[t]   Tax percentage calculator in Finland, VERO Skatt.
 
Other links:
Social Security in Finland, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Finland: Statistics, Organization for Economic Co-Operation and Development (OECD).
Finland: Selected Internet Resources, U.S. Library of Congress.
Finland Economy Overview, CIA World Factbook.