Colombia vs Mongolia: Compensation of employees
Colombia
9.8%
in 2023
Mongolia
9.9%
in 2021
Colombia rank
141st
Mongolia rank
140th
Compensation of employees over time
- Colombia
- Mongolia
How they compare
Mongolia currently reports 9.9% against 9.8% in Colombia, a difference of 0.1%.
The two have swapped places 1 time across 18 shared years of data; in 1998 it was Colombia ahead.
Colombia ranks 141st and Mongolia ranks 140th of 155 countries.
Across the 4 decades both report, Colombia averaged higher in 1 and Mongolia in 3.
Head to head by decade
| Decade | Colombia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 42.8% | 12.1% | 30.7% | Colombia |
| 2000s | 25.6% | 27.0% | 1.4% | Mongolia |
| 2010s | 12.7% | 20.2% | 7.5% | Mongolia |
| 2020s | 10.1% | 12.0% | 1.9% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Colombia or Mongolia?
- Mongolia, at 9.9% against 9.8% in Colombia as of 2021.
- What is the difference in compensation of employees between Colombia and Mongolia?
- 0.1%, with Mongolia ahead.
- How many years of comparable data are there for Colombia and Mongolia?
- 18 years are reported by both, from 1998 to 2021.
- How do Colombia and Mongolia rank globally for compensation of employees?
- Colombia ranks 141st and Mongolia ranks 140th 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.