Latvia vs Sri Lanka: Compensation of employees
Latvia
19.2%
in 2023
Sri Lanka
18.9%
in 2023
Latvia rank
100th
Sri Lanka rank
103rd
Compensation of employees over time
- Latvia
- Sri Lanka
How they compare
Latvia currently reports 19.2% against 18.9% in Sri Lanka, a difference of 0.3%.
The two have swapped places 3 times across 30 shared years of data; in 1994 it was Sri Lanka ahead.
Latvia ranks 100th and Sri Lanka ranks 103rd of 155 countries.
Sri Lanka has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 19.7% | 22.0% | 2.3% | Sri Lanka |
| 2000s | 19.7% | 26.2% | 6.4% | Sri Lanka |
| 2010s | 16.9% | 27.5% | 10.6% | Sri Lanka |
| 2020s | 18.1% | 24.6% | 6.5% | Sri Lanka |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Latvia or Sri Lanka?
- Latvia, at 19.2% against 18.9% in Sri Lanka as of 2023.
- What is the difference in compensation of employees between Latvia and Sri Lanka?
- 0.3%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Sri Lanka?
- 30 years are reported by both, from 1994 to 2023.
- How do Latvia and Sri Lanka rank globally for compensation of employees?
- Latvia ranks 100th and Sri Lanka ranks 103rd 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.