Laos vs Somalia: Compensation of employees
Compensation of employees over time
- Laos
- Somalia
How they compare
Laos currently reports 12.14 trillion current LCU against 9.60 trillion current LCU in Somalia, a difference of 2.54 trillion current LCU.
That makes Laos's figure about 1.3 times Somalia's.
Across all 6 years both countries report, Laos has been ahead every year.
Laos ranks 11th and Somalia ranks 12th of 156 countries.
Laos has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Laos | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 10.59 trillion current LCU | 3.51 trillion current LCU | 7.08 trillion current LCU | Laos |
| 2020s | 11.58 trillion current LCU | 6.41 trillion current LCU | 5.16 trillion current LCU | Laos |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Laos or Somalia?
- Laos, at 12.14 trillion current LCU against 9.60 trillion current LCU in Somalia as of 2022.
- What is the difference in compensation of employees between Laos and Somalia?
- 2.54 trillion current LCU, with Laos ahead.
- How many years of comparable data are there for Laos and Somalia?
- 6 years are reported by both, from 2017 to 2022.
- How do Laos and Somalia rank globally for compensation of employees?
- Laos ranks 11th and Somalia ranks 12th 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.