Compensation of employees in Jamaica
Jamaica: Compensation of employees was 223.00 billion current LCU in 2020. ◆ Volatile
Compensation of employees in Jamaica, 1988–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Jamaica is 223.00 billion current LCU, measured in 2020. That is the highest value across all 33 years on record.
The figure is up 13.8% on the previous year and up 74.4% over ten years.
Over the whole period, compensation of employees in Jamaica peaked at 223.00 billion current LCU in 2020 and was at its lowest, 2.21 billion current LCU, in 1988.
That places Jamaica 57th out of 156 countries with data for 2020, 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 in Jamaica, year by year
| Year | current LCU | Change |
|---|---|---|
| 1988 | 2.21 billion current LCU | — |
| 1989 | 2.54 billion current LCU | +14.9% |
| 1990 | 2.86 billion current LCU | +12.5% |
| 1991 | 3.89 billion current LCU | +36.0% |
| 1992 | 4.36 billion current LCU | +12.2% |
| 1993 | 10.67 billion current LCU | +144.8% |
| 1994 | 11.53 billion current LCU | +8.0% |
| 1995 | 16.20 billion current LCU | +40.5% |
| 1996 | 24.44 billion current LCU | +50.9% |
| 1997 | 29.47 billion current LCU | +20.6% |
| 1998 | 32.33 billion current LCU | +9.7% |
| 1999 | 32.32 billion current LCU | -0.0% |
| 2000 | 35.60 billion current LCU | +10.1% |
| 2001 | 43.03 billion current LCU | +20.9% |
| 2002 | 56.49 billion current LCU | +31.3% |
| 2003 | 60.46 billion current LCU | +7.0% |
| 2004 | 63.52 billion current LCU | +5.1% |
| 2005 | 63.11 billion current LCU | -0.6% |
| 2006 | 78.66 billion current LCU | +24.6% |
| 2007 | 86.24 billion current LCU | +9.6% |
| 2008 | 111.53 billion current LCU | +29.3% |
| 2009 | 126.29 billion current LCU | +13.2% |
| 2010 | 127.90 billion current LCU | +1.3% |
| 2011 | 139.56 billion current LCU | +9.1% |
| 2012 | 147.38 billion current LCU | +5.6% |
| 2013 | 156.36 billion current LCU | +6.1% |
| 2014 | 158.76 billion current LCU | +1.5% |
| 2015 | 168.79 billion current LCU | +6.3% |
| 2016 | 179.07 billion current LCU | +6.1% |
| 2017 | 193.28 billion current LCU | +7.9% |
| 2018 | 200.12 billion current LCU | +3.5% |
| 2019 | 195.94 billion current LCU | -2.1% |
| 2020 | 223.00 billion current LCU | +13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.38 billion current LCU | 2.21 billion current LCU | 2.54 billion current LCU | 2 |
| 1990s | 16.81 billion current LCU | 2.86 billion current LCU | 32.33 billion current LCU | 10 |
| 2000s | 72.49 billion current LCU | 35.60 billion current LCU | 126.29 billion current LCU | 10 |
| 2010s | 166.72 billion current LCU | 127.90 billion current LCU | 200.12 billion current LCU | 10 |
| 2020s | 223.00 billion current LCU | 223.00 billion current LCU | 223.00 billion current LCU | 1 |
Countries ranked near Jamaica
More public sector data for Jamaica
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.52 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 92.46 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0119 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 262.51 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 923.36 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Jamaica?
- Compensation of employees in Jamaica was 223.00 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Jamaica?
- The highest recorded value was 223.00 billion current LCU in 2020.
- What is the lowest compensation of employees recorded in Jamaica?
- The lowest recorded value was 2.21 billion current LCU in 1988.
- How does Jamaica rank for compensation of employees?
- Jamaica ranks 57th out of 156 countries with data for 2020.
- Is compensation of employees rising or falling in Jamaica?
- Over the last ten years it is up 74.4%. The long-run trend across the full record is volatile.
- Where does this Jamaica 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 — 33 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.