Compensation of employees (current LCU) in Mexico
Mexico: Compensation of employees (current LCU) was 729.55 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Mexico stood at 729.55 billion current LCU. That is the highest value across all 46 years on record.
That represents a change of up 10.8% on the previous year and up 62.3% over ten years.
Over the whole period, compensation of employees in Mexico peaked at 729.55 billion current LCU in 2024 and was at its lowest, 20.00 million current LCU, in 1972.
That places Mexico 37th out of 156 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Mexico, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 20.00 million current LCU | — |
| 1973 | 25.00 million current LCU | +25.0% |
| 1974 | 34.00 million current LCU | +36.0% |
| 1975 | 47.00 million current LCU | +38.2% |
| 1976 | 65.00 million current LCU | +38.3% |
| 1977 | 93.00 million current LCU | +43.1% |
| 1978 | 112.00 million current LCU | +20.4% |
| 1979 | 142.00 million current LCU | +26.8% |
| 1980 | 175.00 million current LCU | +23.2% |
| 1981 | 324.00 million current LCU | +85.1% |
| 1982 | 551.00 million current LCU | +70.1% |
| 1983 | 757.00 million current LCU | +37.4% |
| 1984 | 1.25 billion current LCU | +65.7% |
| 1985 | 2.09 billion current LCU | +67.0% |
| 1986 | 3.25 billion current LCU | +55.1% |
| 1987 | 6.87 billion current LCU | +111.5% |
| 1988 | 13.60 billion current LCU | +98.1% |
| 1989 | 17.50 billion current LCU | +28.7% |
| 1990 | 23.46 billion current LCU | +34.0% |
| 1991 | 35.41 billion current LCU | +50.9% |
| 1992 | 47.13 billion current LCU | +33.1% |
| 1993 | 37.47 billion current LCU | -20.5% |
| 1994 | 44.12 billion current LCU | +17.8% |
| 1995 | 52.00 billion current LCU | +17.9% |
| 1996 | 67.72 billion current LCU | +30.2% |
| 1997 | 74.27 billion current LCU | +9.7% |
| 1998 | 95.34 billion current LCU | +28.4% |
| 1999 | 122.99 billion current LCU | +29.0% |
| 2000 | 145.06 billion current LCU | +17.9% |
| 2008 | 351.96 billion current LCU | +142.6% |
| 2009 | 330.09 billion current LCU | -6.2% |
| 2010 | 352.07 billion current LCU | +6.7% |
| 2011 | 383.75 billion current LCU | +9.0% |
| 2012 | 414.27 billion current LCU | +8.0% |
| 2013 | 421.80 billion current LCU | +1.8% |
| 2014 | 449.46 billion current LCU | +6.6% |
| 2015 | 484.99 billion current LCU | +7.9% |
| 2016 | 493.37 billion current LCU | +1.7% |
| 2017 | 506.71 billion current LCU | +2.7% |
| 2018 | 527.88 billion current LCU | +4.2% |
| 2019 | 520.11 billion current LCU | -1.5% |
| 2020 | 567.23 billion current LCU | +9.1% |
| 2021 | 586.50 billion current LCU | +3.4% |
| 2022 | 614.01 billion current LCU | +4.7% |
| 2023 | 658.14 billion current LCU | +7.2% |
| 2024 | 729.55 billion current LCU | +10.8% |
Mexico compared with similar countries
- Mexico's 729.55 billion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 7.6× the median. (47 countries reporting)
- Mexico's 729.55 billion current LCU is above the median for Latin America & Caribbean, which is 34.98 billion current LCU, 20.9× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 67.25 million current LCU | 20.00 million current LCU | 142.00 million current LCU | 8 |
| 1980s | 4.64 billion current LCU | 175.00 million current LCU | 17.50 billion current LCU | 10 |
| 1990s | 59.99 billion current LCU | 23.46 billion current LCU | 122.99 billion current LCU | 10 |
| 2000s | 275.70 billion current LCU | 145.06 billion current LCU | 351.96 billion current LCU | 3 |
| 2010s | 455.44 billion current LCU | 352.07 billion current LCU | 527.88 billion current LCU | 10 |
| 2020s | 631.09 billion current LCU | 567.23 billion current LCU | 729.55 billion current LCU | 5 |
Countries ranked near Mexico
More public sector data for Mexico
- 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 9.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.3515 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 -98.76 % change on previous year (2021)
Frequently asked questions
- What is compensation of employees in Mexico?
- Compensation of employees in Mexico was 729.55 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 Mexico?
- The highest recorded value was 729.55 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Mexico?
- The lowest recorded value was 20.00 million current LCU in 1972.
- How does Mexico rank for compensation of employees?
- Mexico ranks 37th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Mexico?
- Over the last ten years it is up 62.3%. The long-run trend across the full record is volatile.
- Where does this Mexico 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
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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.