South Korea vs Mexico: Compensation of employees (% of expense)
South Korea
8.8%
in 2023
Mexico
9.2%
in 2023
South Korea rank
146th
Mexico rank
144th
Compensation of employees (% of expense) over time
- South Korea
- Mexico
How they compare
Mexico currently reports 9.2% against 8.8% in South Korea, a difference of 0.4%.
The two have swapped places 2 times across 44 shared years of data; in 1972 it was Mexico ahead.
South Korea ranks 146th and Mexico ranks 144th of 155 countries.
Mexico has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | South Korea | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 16.9% | 35.5% | 18.6% | Mexico |
| 1980s | 15.9% | 21.8% | 5.9% | Mexico |
| 1990s | 13.8% | 21.1% | 7.2% | Mexico |
| 2000s | 10.6% | 14.8% | 4.2% | Mexico |
| 2010s | 10.2% | 11.7% | 1.5% | Mexico |
| 2020s | 8.7% | 10.0% | 1.3% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, South Korea or Mexico?
- Mexico, at 9.2% against 8.8% in South Korea as of 2023.
- What is the difference in compensation of employees between South Korea and Mexico?
- 0.4%, with Mexico ahead.
- How many years of comparable data are there for South Korea and Mexico?
- 44 years are reported by both, from 1972 to 2023.
- How do South Korea and Mexico rank globally for compensation of employees?
- South Korea ranks 146th 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.