Colombia vs Paraguay: Compensation of employees
Compensation of employees over time
- Colombia
- Paraguay
How they compare
Colombia currently reports 59.35 trillion current LCU against 26.49 trillion current LCU in Paraguay, a difference of 32.86 trillion current LCU.
That makes Colombia's figure about 2.2 times Paraguay's.
Across all 17 years both countries report, Colombia has been ahead every year.
Colombia ranks 6th and Paraguay ranks 8th of 156 countries.
Colombia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Colombia | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 22.39 trillion current LCU | 6.85 trillion current LCU | 15.54 trillion current LCU | Colombia |
| 2010s | 27.35 trillion current LCU | 14.80 trillion current LCU | 12.55 trillion current LCU | Colombia |
| 2020s | 47.18 trillion current LCU | 23.42 trillion current LCU | 23.76 trillion current LCU | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Colombia or Paraguay?
- Colombia, at 59.35 trillion current LCU against 26.49 trillion current LCU in Paraguay as of 2024.
- What is the difference in compensation of employees between Colombia and Paraguay?
- 32.86 trillion current LCU, with Colombia ahead.
- How many years of comparable data are there for Colombia and Paraguay?
- 17 years are reported by both, from 2008 to 2024.
- How do Colombia and Paraguay rank globally for compensation of employees?
- Colombia ranks 6th and Paraguay ranks 8th 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.