Compensation of employees in Belgium
Belgium: Compensation of employees was 15.04 billion current LCU in 2024. ▲ Rising
Compensation of employees in Belgium, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Belgium stood at 15.04 billion current LCU. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 5.6% on the previous year and up 31.1% over ten years.
Over the whole period, compensation of employees in Belgium peaked at 15.04 billion current LCU in 2024 and was at its lowest, 6.71 billion current LCU, in 1996.
Belgium ranks 106th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.94 billion current LCU | 6.71 billion current LCU | 7.35 billion current LCU | 5 |
| 2000s | 8.59 billion current LCU | 7.50 billion current LCU | 9.94 billion current LCU | 10 |
| 2010s | 10.95 billion current LCU | 10.02 billion current LCU | 11.52 billion current LCU | 10 |
| 2020s | 13.21 billion current LCU | 11.64 billion current LCU | 15.04 billion current LCU | 5 |
Countries ranked near Belgium
More public sector data for Belgium
- Arms imports 515.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 43.43 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 -92.94 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 515.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 721.97 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0128 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.22 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 8.56 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 393.52 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Belgium?
- Compensation of employees in Belgium was 15.04 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 Belgium?
- The highest recorded value was 15.04 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Belgium?
- The lowest recorded value was 6.71 billion current LCU in 1996.
- How does Belgium rank for compensation of employees?
- Belgium ranks 106th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Belgium?
- Over the last ten years it is up 31.1%. The long-run trend across the full record is rising.
- Where does this Belgium 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.