Colombia vs Mexico: Compensation of employees
Colombia
9.8%
in 2023
Mexico
9.2%
in 2023
Colombia rank
141st
Mexico rank
144th
Compensation of employees over time
- Colombia
- Mexico
How they compare
Colombia currently reports 9.8% against 9.2% in Mexico, a difference of 0.6%.
That makes Colombia's figure about 1.1 times Mexico's.
The two have swapped places 4 times across 18 shared years of data; in 1998 it was Colombia ahead.
Colombia ranks 141st and Mexico ranks 144th of 155 countries.
Across the 4 decades both report, Colombia averaged higher in 3 and Mexico in 1.
Head to head by decade
| Decade | Colombia | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 42.8% | 17.8% | 25.0% | Colombia |
| 2000s | 31.9% | 14.8% | 17.1% | Colombia |
| 2010s | 12.7% | 11.7% | 1.1% | Colombia |
| 2020s | 9.9% | 10.0% | 0.1% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Colombia or Mexico?
- Colombia, at 9.8% against 9.2% in Mexico as of 2023.
- What is the difference in compensation of employees between Colombia and Mexico?
- 0.6%, with Colombia ahead.
- How many years of comparable data are there for Colombia and Mexico?
- 18 years are reported by both, from 1998 to 2023.
- How do Colombia and Mexico rank globally for compensation of employees?
- Colombia ranks 141st and Mexico ranks 144th 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.