Australia vs Colombia: Compensation of employees
Australia
9.5%
in 2022
Colombia
9.8%
in 2023
Australia rank
142nd
Colombia rank
141st
Compensation of employees over time
- Australia
- Colombia
How they compare
Colombia currently reports 9.8% against 9.5% in Australia, a difference of 0.3%.
The two have swapped places 3 times across 19 shared years of data; in 1998 it was Colombia ahead.
Australia ranks 142nd and Colombia ranks 141st of 155 countries.
Colombia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Colombia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.6% | 42.8% | 35.2% | Colombia |
| 2000s | 10.4% | 25.6% | 15.2% | Colombia |
| 2010s | 10.6% | 12.7% | 2.1% | Colombia |
| 2020s | 9.4% | 9.9% | 0.5% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Australia or Colombia?
- Colombia, at 9.8% against 9.5% in Australia as of 2023.
- What is the difference in compensation of employees between Australia and Colombia?
- 0.3%, with Colombia ahead.
- How many years of comparable data are there for Australia and Colombia?
- 19 years are reported by both, from 1998 to 2022.
- How do Australia and Colombia rank globally for compensation of employees?
- Australia ranks 142nd and Colombia ranks 141st 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.
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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.