Finland vs South Korea: Compensation of employees (% of expense)
Finland
7.1%
in 2023
South Korea
8.8%
in 2023
Finland rank
149th
South Korea rank
146th
Compensation of employees (% of expense) over time
- Finland
- South Korea
How they compare
South Korea currently reports 8.8% against 7.1% in Finland, a difference of 1.7%.
That makes South Korea's figure about 1.2 times Finland's.
The two have swapped places 2 times across 52 shared years of data; in 1972 it was South Korea ahead.
Finland ranks 149th and South Korea ranks 146th of 155 countries.
South Korea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Finland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 13.2% | 16.9% | 3.7% | South Korea |
| 1980s | 11.1% | 15.9% | 4.8% | South Korea |
| 1990s | 8.6% | 13.8% | 5.2% | South Korea |
| 2000s | 9.2% | 11.0% | 1.8% | South Korea |
| 2010s | 8.1% | 10.2% | 2.1% | South Korea |
| 2020s | 7.7% | 8.7% | 1.1% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Finland or South Korea?
- South Korea, at 8.8% against 7.1% in Finland as of 2023.
- What is the difference in compensation of employees between Finland and South Korea?
- 1.7%, with South Korea ahead.
- How many years of comparable data are there for Finland and South Korea?
- 52 years are reported by both, from 1972 to 2023.
- How do Finland and South Korea rank globally for compensation of employees?
- Finland ranks 149th and South Korea ranks 146th 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.