Iceland vs Thailand: Compensation of employees
Iceland
23.8%
in 2023
Thailand
22.6%
in 2023
Iceland rank
82nd
Thailand rank
85th
Compensation of employees over time
- Iceland
- Thailand
How they compare
Iceland currently reports 23.8% against 22.6% in Thailand, a difference of 1.2%.
That makes Iceland's figure about 1.1 times Thailand's.
The two have swapped places 5 times across 47 shared years of data; in 1972 it was Thailand ahead.
Iceland ranks 82nd and Thailand ranks 85th of 155 countries.
Across the 6 decades both report, Iceland averaged higher in 1 and Thailand in 5.
Head to head by decade
| Decade | Iceland | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 27.0% | 29.3% | 2.3% | Thailand |
| 1980s | 31.0% | 34.5% | 3.5% | Thailand |
| 1990s | 30.3% | 41.9% | 11.6% | Thailand |
| 2000s | 26.7% | 35.8% | 9.1% | Thailand |
| 2010s | 22.8% | 29.6% | 6.8% | Thailand |
| 2020s | 24.4% | 21.7% | 2.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Iceland or Thailand?
- Iceland, at 23.8% against 22.6% in Thailand as of 2023.
- What is the difference in compensation of employees between Iceland and Thailand?
- 1.2%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Thailand?
- 47 years are reported by both, from 1972 to 2023.
- How do Iceland and Thailand rank globally for compensation of employees?
- Iceland ranks 82nd and Thailand ranks 85th 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.