Compensation of employees (current LCU) in Guatemala
Guatemala: Compensation of employees (current LCU) was 37.99 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Guatemala, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Guatemala recorded 37.99 billion current LCU for compensation of employees in 2024. That is the highest value across all 31 years on record.
The figure is up 7.6% on the previous year and up 88.5% over ten years.
Over the whole period, compensation of employees in Guatemala peaked at 37.99 billion current LCU in 2024 and was at its lowest, 1.17 billion current LCU, in 1990.
That places Guatemala 85th out of 156 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Guatemala, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 1.17 billion current LCU | — |
| 1991 | 1.36 billion current LCU | +16.4% |
| 1992 | 1.87 billion current LCU | +37.4% |
| 1993 | 2.27 billion current LCU | +21.1% |
| 1994 | 2.50 billion current LCU | +10.2% |
| 1995 | 3.21 billion current LCU | +28.2% |
| 2000 | 5.13 billion current LCU | +60.1% |
| 2001 | 5.96 billion current LCU | +16.0% |
| 2002 | 6.41 billion current LCU | +7.6% |
| 2003 | 6.75 billion current LCU | +5.3% |
| 2004 | 6.78 billion current LCU | +0.5% |
| 2005 | 6.80 billion current LCU | +0.2% |
| 2006 | 7.61 billion current LCU | +12.0% |
| 2007 | 8.18 billion current LCU | +7.5% |
| 2008 | 9.20 billion current LCU | +12.5% |
| 2009 | 11.10 billion current LCU | +20.7% |
| 2010 | 12.47 billion current LCU | +12.3% |
| 2011 | 14.10 billion current LCU | +13.1% |
| 2012 | 14.97 billion current LCU | +6.2% |
| 2013 | 16.87 billion current LCU | +12.7% |
| 2014 | 20.15 billion current LCU | +19.4% |
| 2015 | 22.07 billion current LCU | +9.5% |
| 2016 | 22.83 billion current LCU | +3.4% |
| 2017 | 24.74 billion current LCU | +8.4% |
| 2018 | 25.61 billion current LCU | +3.5% |
| 2019 | 28.41 billion current LCU | +10.9% |
| 2020 | 29.84 billion current LCU | +5.0% |
| 2021 | 30.88 billion current LCU | +3.5% |
| 2022 | 32.27 billion current LCU | +4.5% |
| 2023 | 35.31 billion current LCU | +9.4% |
| 2024 | 37.99 billion current LCU | +7.6% |
Guatemala compared with similar countries
- Guatemala's 37.99 billion current LCU is below the median for upper middle income countries, which is 95.94 billion current LCU, 40% of the median. (47 countries reporting)
- Guatemala's 37.99 billion current LCU is above the median for Latin America & Caribbean, which is 34.98 billion current LCU, 1.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Guatemala changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +60.1% | 3.21 billion current LCU | 5.13 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.06 billion current LCU | 1.17 billion current LCU | 3.21 billion current LCU | 6 |
| 2000s | 7.39 billion current LCU | 5.13 billion current LCU | 11.10 billion current LCU | 10 |
| 2010s | 20.22 billion current LCU | 12.47 billion current LCU | 28.41 billion current LCU | 10 |
| 2020s | 33.26 billion current LCU | 29.84 billion current LCU | 37.99 billion current LCU | 5 |
Countries ranked near Guatemala
- 82 Mauritius 51.76 billion current LCU compare
- 83 Ghana 50.81 billion current LCU compare
- 84 North Macedonia 44.57 billion current LCU compare
- 86 Netherlands 37.39 billion current LCU compare
- 87 New Zealand 35.91 billion current LCU compare
- 88 Namibia 35.48 billion current LCU compare
More public sector data for Guatemala
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 6.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.331 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -40 % change on previous year (2023)
Frequently asked questions
- What is compensation of employees in Guatemala?
- Compensation of employees in Guatemala was 37.99 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 Guatemala?
- The highest recorded value was 37.99 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Guatemala?
- The lowest recorded value was 1.17 billion current LCU in 1990.
- How does Guatemala rank for compensation of employees?
- Guatemala ranks 85th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Guatemala?
- Over the last ten years it is up 88.5%. The long-run trend across the full record is volatile.
- Where does this Guatemala 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.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.