Compensation of employees (current LCU) in Canada
Canada: Compensation of employees (current LCU) was 61.53 billion current LCU in 2024. ▲ Rising
Compensation of employees in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Canada recorded 61.53 billion current LCU for compensation of employees in 2024. That is the highest value across all 35 years on record.
The figure is up 6.4% on the previous year and up 62.3% over ten years.
Over the whole period, compensation of employees in Canada peaked at 61.53 billion current LCU in 2024 and was at its lowest, 17.18 billion current LCU, in 1997.
That places Canada 79th out of 156 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Compensation of employees (current LCU) in Canada, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 17.61 billion current LCU | — |
| 1991 | 18.59 billion current LCU | +5.6% |
| 1992 | 18.97 billion current LCU | +2.0% |
| 1993 | 18.65 billion current LCU | -1.7% |
| 1994 | 18.61 billion current LCU | -0.2% |
| 1995 | 18.68 billion current LCU | +0.4% |
| 1996 | 17.74 billion current LCU | -5.0% |
| 1997 | 17.18 billion current LCU | -3.1% |
| 1998 | 17.44 billion current LCU | +1.5% |
| 1999 | 18.40 billion current LCU | +5.5% |
| 2000 | 21.53 billion current LCU | +17.0% |
| 2001 | 20.98 billion current LCU | -2.5% |
| 2002 | 23.21 billion current LCU | +10.6% |
| 2003 | 24.59 billion current LCU | +6.0% |
| 2004 | 25.16 billion current LCU | +2.3% |
| 2005 | 27.10 billion current LCU | +7.7% |
| 2006 | 28.40 billion current LCU | +4.8% |
| 2007 | 29.77 billion current LCU | +4.8% |
| 2008 | 31.98 billion current LCU | +7.4% |
| 2009 | 35.04 billion current LCU | +9.5% |
| 2010 | 35.64 billion current LCU | +1.7% |
| 2011 | 37.42 billion current LCU | +5.0% |
| 2012 | 36.90 billion current LCU | -1.4% |
| 2013 | 38.96 billion current LCU | +5.6% |
| 2014 | 37.93 billion current LCU | -2.6% |
| 2015 | 36.44 billion current LCU | -3.9% |
| 2016 | 36.92 billion current LCU | +1.3% |
| 2017 | 40.90 billion current LCU | +10.8% |
| 2018 | 42.48 billion current LCU | +3.9% |
| 2019 | 43.86 billion current LCU | +3.3% |
| 2020 | 45.01 billion current LCU | +2.6% |
| 2021 | 52.42 billion current LCU | +16.5% |
| 2022 | 53.08 billion current LCU | +1.3% |
| 2023 | 57.81 billion current LCU | +8.9% |
| 2024 | 61.53 billion current LCU | +6.4% |
Canada compared with similar countries
- Canada's 61.53 billion current LCU is above the median for high income countries, which is 23.97 billion current LCU, 2.6× the median. (57 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.19 billion current LCU | 17.18 billion current LCU | 18.97 billion current LCU | 10 |
| 2000s | 26.78 billion current LCU | 20.98 billion current LCU | 35.04 billion current LCU | 10 |
| 2010s | 38.74 billion current LCU | 35.64 billion current LCU | 43.86 billion current LCU | 10 |
| 2020s | 53.97 billion current LCU | 45.01 billion current LCU | 61.53 billion current LCU | 5 |
Countries ranked near Canada
More public sector data for Canada
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Frequently asked questions
- What is compensation of employees in Canada?
- Compensation of employees in Canada was 61.53 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 Canada?
- The highest recorded value was 61.53 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Canada?
- The lowest recorded value was 17.18 billion current LCU in 1997.
- How does Canada rank for compensation of employees?
- Canada ranks 79th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Canada?
- Over the last ten years it is up 62.3%. The long-run trend across the full record is rising.
- Where does this Canada 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.