Compensation of employees in Colombia
Colombia: Compensation of employees was 59.35 trillion current LCU in 2024. ▲ Rising
Compensation of employees in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Colombia recorded 59.35 trillion current LCU for compensation of employees in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 14.3% on the previous year and up 168.4% over ten years.
Over the whole period, compensation of employees in Colombia peaked at 59.35 trillion current LCU in 2024 and was at its lowest, 11.77 trillion current LCU, in 1998.
That places Colombia 6th out of 156 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.96 trillion current LCU | 11.77 trillion current LCU | 14.16 trillion current LCU | 2 |
| 2000s | 18.96 trillion current LCU | 15.18 trillion current LCU | 23.28 trillion current LCU | 4 |
| 2010s | 27.35 trillion current LCU | 18.61 trillion current LCU | 39.55 trillion current LCU | 10 |
| 2020s | 47.18 trillion current LCU | 38.95 trillion current LCU | 59.35 trillion current LCU | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3593 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 533.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 285.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0359 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 40.05 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2.7 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Colombia?
- Compensation of employees in Colombia was 59.35 trillion 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 Colombia?
- The highest recorded value was 59.35 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Colombia?
- The lowest recorded value was 11.77 trillion current LCU in 1998.
- How does Colombia rank for compensation of employees?
- Colombia ranks 6th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Colombia?
- Over the last ten years it is up 168.4%. The long-run trend across the full record is rising.
- Where does this Colombia 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.