Iceland vs South Africa: Compensation of employees
Compensation of employees over time
- Iceland
- South Africa
How they compare
South Africa currently reports 335.09 billion current LCU against 334.27 billion current LCU in Iceland, a difference of 819.00 million current LCU.
The two have swapped places 5 times across 46 shared years of data; in 1972 it was South Africa ahead.
Iceland ranks 50th and South Africa ranks 49th of 156 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and South Africa in 3.
Head to head by decade
| Decade | Iceland | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 247.46 million current LCU | 1.45 billion current LCU | 1.20 billion current LCU | South Africa |
| 1980s | 14.32 billion current LCU | 10.57 billion current LCU | 3.75 billion current LCU | Iceland |
| 1990s | 43.29 billion current LCU | 37.23 billion current LCU | 6.06 billion current LCU | Iceland |
| 2000s | 96.70 billion current LCU | 67.48 billion current LCU | 29.22 billion current LCU | Iceland |
| 2010s | 177.36 billion current LCU | 200.11 billion current LCU | 22.75 billion current LCU | South Africa |
| 2020s | 299.99 billion current LCU | 303.82 billion current LCU | 3.83 billion current LCU | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Iceland or South Africa?
- South Africa, at 335.09 billion current LCU against 334.27 billion current LCU in Iceland as of 2024.
- What is the difference in compensation of employees between Iceland and South Africa?
- 819.00 million current LCU, with South Africa ahead.
- How many years of comparable data are there for Iceland and South Africa?
- 46 years are reported by both, from 1972 to 2023.
- How do Iceland and South Africa rank globally for compensation of employees?
- Iceland ranks 50th and South Africa ranks 49th 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.