Armenia vs Iceland: Compensation of employees
Compensation of employees over time
- Armenia
- Iceland
How they compare
Armenia currently reports 428.74 billion current LCU against 334.27 billion current LCU in Iceland, a difference of 94.47 billion current LCU.
That makes Armenia's figure about 1.3 times Iceland's.
The two have swapped places 1 time across 20 shared years of data; in 2004 it was Iceland ahead.
Armenia ranks 47th and Iceland ranks 50th of 156 countries.
Armenia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Armenia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 115.75 billion current LCU | 111.17 billion current LCU | 4.58 billion current LCU | Armenia |
| 2010s | 245.26 billion current LCU | 177.36 billion current LCU | 67.90 billion current LCU | Armenia |
| 2020s | 341.10 billion current LCU | 299.99 billion current LCU | 41.11 billion current LCU | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Armenia or Iceland?
- Armenia, at 428.74 billion current LCU against 334.27 billion current LCU in Iceland as of 2024.
- What is the difference in compensation of employees between Armenia and Iceland?
- 94.47 billion current LCU, with Armenia ahead.
- How many years of comparable data are there for Armenia and Iceland?
- 20 years are reported by both, from 2004 to 2023.
- How do Armenia and Iceland rank globally for compensation of employees?
- Armenia ranks 47th and Iceland ranks 50th of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Compensation of employees (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.