Latin America & Caribbean vs Somalia: Compensation of employees
Compensation of employees over time
- Latin America & Caribbean
- Somalia
How they compare
Somalia currently reports 42.0% against 24.5% in Latin America & Caribbean, a difference of 17.5%.
That makes Somalia's figure about 1.7 times Latin America & Caribbean's.
Across all 5 years both countries report, Somalia has been ahead every year.
Latin America & Caribbean ranks 19th and Somalia ranks 21st of 41 groups.
Somalia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 31.8% | 54.7% | 22.9% | Somalia |
| 2020s | 27.7% | 44.7% | 17.0% | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Latin America & Caribbean or Somalia?
- Somalia, at 42.0% against 24.5% in Latin America & Caribbean as of 2023.
- What is the difference in compensation of employees between Latin America & Caribbean and Somalia?
- 17.5%, with Somalia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Somalia?
- 5 years are reported by both, from 2017 to 2023.
- How do Latin America & Caribbean and Somalia rank globally for compensation of employees?
- Latin America & Caribbean ranks 19th and Somalia ranks 21st 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.