Compensation of employees (current LCU) in Sweden
Sweden: Compensation of employees (current LCU) was 201.19 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Sweden, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Sweden recorded 201.19 billion current LCU for compensation of employees in 2024. That is the highest value across all 53 years on record.
That represents a change of up 8.6% on the previous year and up 64.8% over ten years.
Over the whole period, compensation of employees in Sweden peaked at 201.19 billion current LCU in 2024 and was at its lowest, 7.26 billion current LCU, in 1972.
Sweden ranks 60th of 156 countries on this measure, 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 (current LCU) in Sweden, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 7.26 billion current LCU | — |
| 1973 | 7.61 billion current LCU | +4.8% |
| 1974 | 8.25 billion current LCU | +8.4% |
| 1975 | 9.22 billion current LCU | +11.8% |
| 1976 | 10.78 billion current LCU | +16.9% |
| 1977 | 12.07 billion current LCU | +12.0% |
| 1978 | 13.97 billion current LCU | +15.7% |
| 1979 | 15.18 billion current LCU | +8.7% |
| 1980 | 16.75 billion current LCU | +10.3% |
| 1981 | 17.70 billion current LCU | +5.7% |
| 1982 | 18.89 billion current LCU | +6.7% |
| 1983 | 20.50 billion current LCU | +8.5% |
| 1984 | 22.43 billion current LCU | +9.4% |
| 1985 | 22.87 billion current LCU | +2.0% |
| 1986 | 24.51 billion current LCU | +7.2% |
| 1987 | 26.78 billion current LCU | +9.3% |
| 1988 | 26.15 billion current LCU | -2.4% |
| 1989 | 29.38 billion current LCU | +12.4% |
| 1990 | 34.53 billion current LCU | +17.5% |
| 1991 | 37.32 billion current LCU | +8.1% |
| 1992 | 38.15 billion current LCU | +2.2% |
| 1993 | 39.97 billion current LCU | +4.8% |
| 1994 | 45.04 billion current LCU | +12.7% |
| 1995 | 61.53 billion current LCU | +36.6% |
| 1996 | 64.73 billion current LCU | +5.2% |
| 1997 | 66.22 billion current LCU | +2.3% |
| 1998 | 63.12 billion current LCU | -4.7% |
| 1999 | 66.38 billion current LCU | +5.2% |
| 2000 | 72.68 billion current LCU | +9.5% |
| 2001 | 75.89 billion current LCU | +4.4% |
| 2002 | 80.49 billion current LCU | +6.1% |
| 2003 | 87.02 billion current LCU | +8.1% |
| 2004 | 88.66 billion current LCU | +1.9% |
| 2005 | 89.71 billion current LCU | +1.2% |
| 2006 | 93.62 billion current LCU | +4.4% |
| 2007 | 96.65 billion current LCU | +3.2% |
| 2008 | 100.43 billion current LCU | +3.9% |
| 2009 | 100.65 billion current LCU | +0.2% |
| 2010 | 104.44 billion current LCU | +3.8% |
| 2011 | 108.68 billion current LCU | +4.1% |
| 2012 | 113.84 billion current LCU | +4.7% |
| 2013 | 118.67 billion current LCU | +4.2% |
| 2014 | 122.10 billion current LCU | +2.9% |
| 2015 | 125.79 billion current LCU | +3.0% |
| 2016 | 131.00 billion current LCU | +4.1% |
| 2017 | 136.58 billion current LCU | +4.3% |
| 2018 | 142.14 billion current LCU | +4.1% |
| 2019 | 148.88 billion current LCU | +4.7% |
| 2020 | 157.11 billion current LCU | +5.5% |
| 2021 | 165.71 billion current LCU | +5.5% |
| 2022 | 173.44 billion current LCU | +4.7% |
| 2023 | 185.19 billion current LCU | +6.8% |
| 2024 | 201.19 billion current LCU | +8.6% |
Sweden compared with similar countries
- Sweden's 201.19 billion current LCU is above the median for high income countries, which is 23.97 billion current LCU, 8.4× the median. (57 countries reporting)
- Sweden's 201.19 billion current LCU is above the median for Europe & Central Asia, which is 31.50 billion current LCU, 6.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Sweden 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 |
|---|---|---|---|
| 1995 | +36.6% | 45.04 billion current LCU | 61.53 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.54 billion current LCU | 7.26 billion current LCU | 15.18 billion current LCU | 8 |
| 1980s | 22.60 billion current LCU | 16.75 billion current LCU | 29.38 billion current LCU | 10 |
| 1990s | 51.70 billion current LCU | 34.53 billion current LCU | 66.38 billion current LCU | 10 |
| 2000s | 88.58 billion current LCU | 72.68 billion current LCU | 100.65 billion current LCU | 10 |
| 2010s | 125.21 billion current LCU | 104.44 billion current LCU | 148.88 billion current LCU | 10 |
| 2020s | 176.53 billion current LCU | 157.11 billion current LCU | 201.19 billion current LCU | 5 |
Countries ranked near Sweden
- 57 Jamaica 223.00 billion current LCU compare
- 58 Mozambique 210.23 billion current LCU compare
- 59 Equatorial Guinea 204.65 billion current LCU compare
- 61 Egypt 200.93 billion current LCU compare
- 62 United Kingdom 194.78 billion current LCU compare
- 63 Poland 192.50 billion current LCU compare
More public sector data for Sweden
- 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 146.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 6.24 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -32.65 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Sweden?
- Compensation of employees in Sweden was 201.19 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 Sweden?
- The highest recorded value was 201.19 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Sweden?
- The lowest recorded value was 7.26 billion current LCU in 1972.
- How does Sweden rank for compensation of employees?
- Sweden ranks 60th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Sweden?
- Over the last ten years it is up 64.8%. The long-run trend across the full record is volatile.
- Where does this Sweden 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.