Armenia vs Latvia: Compensation of employees
Armenia
19.3%
in 2023
Latvia
19.2%
in 2023
Armenia rank
99th
Latvia rank
100th
Compensation of employees over time
- Armenia
- Latvia
How they compare
Armenia currently reports 19.3% against 19.2% in Latvia, a difference of 0.1%.
The two have swapped places 3 times across 20 shared years of data; in 2004 it was Latvia ahead.
Armenia ranks 99th and Latvia ranks 100th of 155 countries.
Armenia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Armenia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 21.0% | 19.3% | 1.7% | Armenia |
| 2010s | 21.8% | 16.9% | 4.9% | Armenia |
| 2020s | 19.0% | 18.1% | 0.9% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Armenia or Latvia?
- Armenia, at 19.3% against 19.2% in Latvia as of 2023.
- What is the difference in compensation of employees between Armenia and Latvia?
- 0.1%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Latvia?
- 20 years are reported by both, from 2004 to 2023.
- How do Armenia and Latvia rank globally for compensation of employees?
- Armenia ranks 99th and Latvia ranks 100th of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Compensation of employees (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.