Colombia vs South Korea: Compensation of employees
Compensation of employees over time
- Colombia
- South Korea
How they compare
South Korea currently reports 62.92 trillion current LCU against 59.35 trillion current LCU in Colombia, a difference of 3.57 trillion current LCU.
That makes South Korea's figure about 1.1 times Colombia's.
The two have swapped places 3 times across 21 shared years of data; in 1998 it was Colombia ahead.
Colombia ranks 6th and South Korea ranks 4th of 156 countries.
Across the 4 decades both report, Colombia averaged higher in 2 and South Korea in 2.
Head to head by decade
| Decade | Colombia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 12.96 trillion current LCU | 10.03 trillion current LCU | 2.93 trillion current LCU | Colombia |
| 2000s | 18.96 trillion current LCU | 18.18 trillion current LCU | 785.08 billion current LCU | Colombia |
| 2010s | 27.35 trillion current LCU | 38.67 trillion current LCU | 11.32 trillion current LCU | South Korea |
| 2020s | 47.18 trillion current LCU | 58.04 trillion current LCU | 10.86 trillion current LCU | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Colombia or South Korea?
- South Korea, at 62.92 trillion current LCU against 59.35 trillion current LCU in Colombia as of 2024.
- What is the difference in compensation of employees between Colombia and South Korea?
- 3.57 trillion current LCU, with South Korea ahead.
- How many years of comparable data are there for Colombia and South Korea?
- 21 years are reported by both, from 1998 to 2024.
- How do Colombia and South Korea rank globally for compensation of employees?
- Colombia ranks 6th and South Korea ranks 4th 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.
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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.