Panama vs Philippines: Compensation of employees
Panama
34.3%
in 2021
Philippines
35.0%
in 2023
Panama rank
48th
Philippines rank
46th
Compensation of employees over time
- Panama
- Philippines
How they compare
Philippines currently reports 35.0% against 34.3% in Panama, a difference of 0.7%.
Across all 8 years both countries report, Philippines has been ahead every year.
Panama ranks 48th and Philippines ranks 46th of 155 countries.
Philippines has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 31.7% | 36.5% | 4.8% | Philippines |
| 2020s | 33.5% | 34.1% | 0.6% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Panama or Philippines?
- Philippines, at 35.0% against 34.3% in Panama as of 2023.
- What is the difference in compensation of employees between Panama and Philippines?
- 0.7%, with Philippines ahead.
- How many years of comparable data are there for Panama and Philippines?
- 8 years are reported by both, from 2014 to 2021.
- How do Panama and Philippines rank globally for compensation of employees?
- Panama ranks 48th and Philippines ranks 46th 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.