Compensation of employees in Armenia
Armenia: Compensation of employees was 428.74 billion current LCU in 2024. ▲ Rising
Compensation of employees in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Armenia stood at 428.74 billion current LCU. That is the highest value across all 21 years on record.
That represents a change of up 11.5% on the previous year and up 71.4% over ten years.
Over the whole period, compensation of employees in Armenia peaked at 428.74 billion current LCU in 2024 and was at its lowest, 55.19 billion current LCU, in 2004.
Armenia ranks 47th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 115.75 billion current LCU | 55.19 billion current LCU | 185.91 billion current LCU | 6 |
| 2010s | 245.26 billion current LCU | 187.76 billion current LCU | 301.26 billion current LCU | 10 |
| 2020s | 358.63 billion current LCU | 315.58 billion current LCU | 428.74 billion current LCU | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 6.92 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 200 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 21.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 467.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0546 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.92 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.42 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 248.23 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Armenia?
- Compensation of employees in Armenia was 428.74 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Armenia?
- The highest recorded value was 428.74 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Armenia?
- The lowest recorded value was 55.19 billion current LCU in 2004.
- How does Armenia rank for compensation of employees?
- Armenia ranks 47th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Armenia?
- Over the last ten years it is up 71.4%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.