Latin America & Caribbean (excluding high income) vs Madagascar: Compensation of employees
Compensation of employees over time
- Latin America & Caribbean (excluding high income)
- Madagascar
How they compare
Madagascar currently reports 47.9% against 32.0% in Latin America & Caribbean (excluding high income), a difference of 15.9%.
That makes Madagascar's figure about 1.5 times Latin America & Caribbean (excluding high income)'s.
Across all 21 years both countries report, Madagascar has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 12th and Madagascar ranks 11th of 41 groups.
Madagascar has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Madagascar | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 33.2% | 45.1% | 11.9% | Madagascar |
| 2010s | 33.9% | 50.3% | 16.4% | Madagascar |
| 2020s | 30.6% | 49.9% | 19.3% | Madagascar |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Latin America & Caribbean (excluding high income) or Madagascar?
- Madagascar, at 47.9% against 32.0% in Latin America & Caribbean (excluding high income) as of 2023.
- What is the difference in compensation of employees between Latin America & Caribbean (excluding high income) and Madagascar?
- 15.9%, with Madagascar ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Madagascar?
- 21 years are reported by both, from 2003 to 2023.
- How do Latin America & Caribbean (excluding high income) and Madagascar rank globally for compensation of employees?
- Latin America & Caribbean (excluding high income) ranks 12th and Madagascar ranks 11th of 41 groups.
- 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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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.