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