17 December 2018
The Statistics Office released estimates of average incomes from full-time employment for the 2017/18 financial year today, updating the estimates for 2015/16 and 2016/17 released earlier this year. The estimated median annual before-tax income rose to £8,500, an increase of 3.3% compared to the previous year. But retail prices rose on faster than this on average (4.1%); when price inflation is taken into account, pre-tax incomes from employment fell slightly in real terms by 0.7%.
Note that the median measures the ‘middle number’, so half of full-time employees earned less than £8,500, and half earned more. A more detailed analysis of the statistics shows that when inflation is taken into account, the lowest earners and female workers have experienced a small average increase in income, whilst the highest income earners and male workers have experienced a small average decrease in income.
The estimates are derived from records maintained by the Income Tax office using methodology consistent with previous releases. Only incomes from employment above an analysis cut-off (set around the level of the Minimum Income Standard) are included; any income from self-employment and investment is excluded. Incomes of persons employed by the Government of St Helena following international recruitment (Technical Cooperation Officers) are not considered typical and so are also excluded from the statistics on incomes.
More detailed statistics on incomes, including the differences between lower and higher paid employees, and the differences in incomes between men and women, are available in the latest Statistical Bulletin attached or found on the St Helena Government website here: https://www.sainthelena.gov.sh/statistical-bulletin-no-11-2018-wages/
Detailed data can be accessed in Excel format from the ‘Incomes’ file at: www.sainthelena.gov.sh/statistics-data.
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SHG
17 December 2018