Compensation of employees in Guinea-Bissau
Guinea-Bissau: Compensation of employees was 73.60 billion current LCU in 2024. ▲ Rising
Compensation of employees in Guinea-Bissau, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Guinea-Bissau stood at 73.60 billion current LCU.
The figure is down 2.2% on the previous year and up 58.4% over ten years.
That places Guinea-Bissau 77th out of 156 countries with data for 2024, putting it in the middle of the range.
Compensation of employees in Guinea-Bissau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 46.48 billion current LCU | — |
| 2018 | 49.96 billion current LCU | +7.5% |
| 2019 | 60.05 billion current LCU | +20.2% |
| 2020 | 62.85 billion current LCU | +4.7% |
| 2021 | 72.59 billion current LCU | +15.5% |
| 2022 | 79.18 billion current LCU | +9.1% |
| 2023 | 75.23 billion current LCU | -5.0% |
| 2024 | 73.60 billion current LCU | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 52.16 billion current LCU | 46.48 billion current LCU | 60.05 billion current LCU | 3 |
| 2020s | 72.69 billion current LCU | 62.85 billion current LCU | 79.18 billion current LCU | 5 |
Countries ranked near Guinea-Bissau
More public sector data for Guinea-Bissau
- Arms imports 5.00 million SIPRI trend indicator values (1993)
- Arms imports (SIPRI trend indicator values), per capita 4.72 SIPRI trend indicator values per person (1993)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0081 SIPRI trend indicator values per US$ of GDP (1993)
- Arms imports (SIPRI trend indicator values), annual growth rate -70 % change on previous year (1991)
- Arms imports (SIPRI trend indicator values), gaps filled 5.00 million SIPRI trend indicator values (1993)
- Military expenditure (current USD), per capita 11.75 current USD per person (2023)
- Military expenditure (current USD), per unit of GDP 0.0122 current USD per US$ of GDP (2023)
- Military expenditure (current USD), annual growth rate 3.07 % change on previous year (2023)
- Military expenditure (current USD), gaps filled 25.29 million current USD (2023)
- Arms imports (SIPRI trend indicator values), per square kilometre 177.81 SIPRI trend indicator values per square kilometre (1993)
Frequently asked questions
- What is compensation of employees in Guinea-Bissau?
- Compensation of employees in Guinea-Bissau was 73.60 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 Guinea-Bissau?
- The highest recorded value was 79.18 billion current LCU in 2022.
- What is the lowest compensation of employees recorded in Guinea-Bissau?
- The lowest recorded value was 46.48 billion current LCU in 2017.
- How does Guinea-Bissau rank for compensation of employees?
- Guinea-Bissau ranks 77th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Guinea-Bissau?
- Over the last ten years it is up 58.4%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau 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.