Compensation of employees (current LCU) in Philippines
Philippines: Compensation of employees (current LCU) was 1.53 trillion current LCU in 2024. ◆ Volatile
Compensation of employees in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Philippines stood at 1.53 trillion current LCU. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 153.2% over ten years.
Over the whole period, compensation of employees in Philippines peaked at 1.53 trillion current LCU in 2024 and was at its lowest, 62.18 billion current LCU, in 1990.
Philippines ranks 28th of 156 countries on this measure, 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 Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 62.18 billion current LCU | — |
| 1991 | 72.40 billion current LCU | +16.4% |
| 1992 | 74.34 billion current LCU | +2.7% |
| 1993 | 78.70 billion current LCU | +5.9% |
| 1994 | 88.53 billion current LCU | +12.5% |
| 1995 | 109.07 billion current LCU | +23.2% |
| 1996 | 123.23 billion current LCU | +13.0% |
| 1998 | 172.89 billion current LCU | +40.3% |
| 1999 | 166.39 billion current LCU | -3.8% |
| 2000 | 225.18 billion current LCU | +35.3% |
| 2001 | 238.94 billion current LCU | +6.1% |
| 2002 | 266.00 billion current LCU | +11.3% |
| 2003 | 276.13 billion current LCU | +3.8% |
| 2004 | 283.07 billion current LCU | +2.5% |
| 2005 | 296.36 billion current LCU | +4.7% |
| 2006 | 324.70 billion current LCU | +9.6% |
| 2007 | 350.29 billion current LCU | +7.9% |
| 2008 | 374.66 billion current LCU | +7.0% |
| 2009 | 432.02 billion current LCU | +15.3% |
| 2010 | 469.40 billion current LCU | +8.7% |
| 2011 | 500.45 billion current LCU | +6.6% |
| 2012 | 542.64 billion current LCU | +8.4% |
| 2013 | 581.73 billion current LCU | +7.2% |
| 2014 | 603.60 billion current LCU | +3.8% |
| 2015 | 664.42 billion current LCU | +10.1% |
| 2016 | 723.18 billion current LCU | +8.8% |
| 2017 | 808.42 billion current LCU | +11.8% |
| 2018 | 987.24 billion current LCU | +22.1% |
| 2019 | 1.12 trillion current LCU | +12.9% |
| 2020 | 1.18 trillion current LCU | +5.6% |
| 2021 | 1.29 trillion current LCU | +9.4% |
| 2022 | 1.38 trillion current LCU | +7.2% |
| 2023 | 1.44 trillion current LCU | +4.1% |
| 2024 | 1.53 trillion current LCU | +6.3% |
Philippines compared with similar countries
- Philippines's 1.53 trillion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 15.9× the median. (47 countries reporting)
- Philippines's 1.53 trillion current LCU is above the median for East Asia & Pacific, which is 23.59 billion current LCU, 64.8× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Philippines 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 |
|---|---|---|---|
| 1998 | +40.3% | 123.23 billion current LCU | 172.89 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 105.30 billion current LCU | 62.18 billion current LCU | 172.89 billion current LCU | 9 |
| 2000s | 306.74 billion current LCU | 225.18 billion current LCU | 432.02 billion current LCU | 10 |
| 2010s | 699.61 billion current LCU | 469.40 billion current LCU | 1.12 trillion current LCU | 10 |
| 2020s | 1.36 trillion current LCU | 1.18 trillion current LCU | 1.53 trillion current LCU | 5 |
Countries ranked near Philippines
More public sector data for Philippines
- 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 846.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 2.05 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 90.4 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Philippines?
- Compensation of employees in Philippines was 1.53 trillion 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 Philippines?
- The highest recorded value was 1.53 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Philippines?
- The lowest recorded value was 62.18 billion current LCU in 1990.
- How does Philippines rank for compensation of employees?
- Philippines ranks 28th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Philippines?
- Over the last ten years it is up 153.2%. The long-run trend across the full record is volatile.
- Where does this Philippines 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.