Compensation of employees in Lao People’s Democratic Republic
Lao People’s Democratic Republic: Compensation of employees was 12.14 trillion current LCU in 2022. ▲ Rising
Compensation of employees in Lao People’s Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, compensation of employees in Lao People’s Democratic Republic stood at 12.14 trillion current LCU. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 6.0% on the previous year and up 202.6% over ten years.
Over the whole period, compensation of employees in Lao People’s Democratic Republic peaked at 12.14 trillion current LCU in 2022 and was at its lowest, 2.44 trillion current LCU, in 2008.
That places Lao People’s Democratic Republic 11th out of 156 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.62 trillion current LCU | 2.44 trillion current LCU | 2.80 trillion current LCU | 2 |
| 2010s | 7.70 trillion current LCU | 2.69 trillion current LCU | 10.90 trillion current LCU | 10 |
| 2020s | 11.58 trillion current LCU | 11.13 trillion current LCU | 12.14 trillion current LCU | 3 |
Countries ranked near Lao People’s Democratic Republic
More public sector data for Lao People’s Democratic Republic
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9009 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 133.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 13 SIPRI trend indicator values per square kilometre (2023)
- Tax revenue 12.1% (2022)
- Capital stock, General government, Current prices, Domestic currency 103,761 (2017)
- Taxes on income, profits and capital gains 19.3% (2022)
- Capital stock, General government, Constant prices, Percent of GDP 56.33 (2017)
Frequently asked questions
- What is compensation of employees in Lao People’s Democratic Republic?
- Compensation of employees in Lao People’s Democratic Republic was 12.14 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Lao People’s Democratic Republic?
- The highest recorded value was 12.14 trillion current LCU in 2022.
- What is the lowest compensation of employees recorded in Lao People’s Democratic Republic?
- The lowest recorded value was 2.44 trillion current LCU in 2008.
- How does Lao People’s Democratic Republic rank for compensation of employees?
- Lao People’s Democratic Republic ranks 11th out of 156 countries with data for 2022.
- Is compensation of employees rising or falling in Lao People’s Democratic Republic?
- Over the last ten years it is up 202.6%. The long-run trend across the full record is rising.
- Where does this Lao People’s Democratic Republic 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.