Which has higher compensation of employees, Republic of Korea or Sweden?

Sweden, at 9.2% against 8.8% in Republic of Korea as of 2022.

How many years of comparable data are there for Republic of Korea and Sweden?

51 years are reported by both, from 1972 to 2022.

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.

Republic of Korea vs Sweden: Compensation of employees

Republic of Korea

8.8%

in 2023

Sweden

9.2%

in 2022

Republic of Korea rank

146th

Sweden rank

145th

Compensation of employees over time

Republic of Korea
Sweden

How they compare

Sweden currently reports 9.2% against 8.8% in Republic of Korea, a difference of 0.4%.

The two have swapped places 1 time across 51 shared years of data; in 1972 it was Republic of Korea ahead.

Republic of Korea ranks 146th and Sweden ranks 145th of 155 countries.

Across the 6 decades both report, Republic of Korea averaged higher in 5 and Sweden in 1.

Head to head by decade

Decade	Republic of Korea	Sweden	Difference	Ahead
1970s	16.9%	10.8%	6.1%	Republic of Korea
1980s	15.9%	6.7%	9.2%	Republic of Korea
1990s	13.8%	7.0%	6.9%	Republic of Korea
2000s	11.0%	9.2%	1.8%	Republic of Korea
2010s	10.2%	9.2%	0.9%	Republic of Korea
2020s	8.7%	9.1%	0.4%	Sweden

Averages of every year both report within each decade.

Frequently asked questions

Which has higher compensation of employees, Republic of Korea or Sweden?: Sweden, at 9.2% against 8.8% in Republic of Korea as of 2022.
What is the difference in compensation of employees between Republic of Korea and Sweden?: 0.4%, with Sweden ahead.
How many years of comparable data are there for Republic of Korea and Sweden?: 51 years are reported by both, from 1972 to 2022.
How do Republic of Korea and Sweden rank globally for compensation of employees?: Republic of Korea ranks 146th and Sweden ranks 145th 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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Republic of Korea vs Sweden: Compensation of employees. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 06 September 2026, from https://public-sector.statizoid.com/compare/compensation-of-employees-percent-of-expense/korea-rep/sweden/

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About this data

Indicator: Compensation of employees (% of expense)
Unit: % of expense
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 196 places, 5,286 data points, 1972–2024
Last refreshed: 03 September 2026

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.