Compensation of employees (current LCU) in Thailand
Thailand: Compensation of employees (current LCU) was 855.29 billion current LCU in 2024. ◆ Volatile
Latest (2024)
855.29 billion current LCU
Change on year
up 1.5%
World rank
35th
of 156 countries
All-time high
855.29 billion current LCU
in 2024
All-time low
6.83 billion current LCU
in 1972
Years of data
53
1972–2024
Compensation of employees in Thailand, 1972–2024
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 Thailand is 855.29 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 1.5% on the previous year and up 18.3% over ten years.
Over the whole period, compensation of employees in Thailand peaked at 855.29 billion current LCU in 2024 and was at its lowest, 6.83 billion current LCU, in 1972.
Thailand ranks 35th 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 Thailand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 6.83 billion current LCU | — |
| 1973 | 7.40 billion current LCU | +8.3% |
| 1974 | 9.52 billion current LCU | +28.6% |
| 1975 | 11.55 billion current LCU | +21.3% |
| 1976 | 12.95 billion current LCU | +12.1% |
| 1977 | 14.69 billion current LCU | +13.5% |
| 1978 | 16.66 billion current LCU | +13.4% |
| 1979 | 20.85 billion current LCU | +25.1% |
| 1980 | 26.57 billion current LCU | +27.4% |
| 1981 | 40.16 billion current LCU | +51.1% |
| 1982 | 48.55 billion current LCU | +20.9% |
| 1983 | 54.71 billion current LCU | +12.7% |
| 1984 | 58.57 billion current LCU | +7.1% |
| 1985 | 62.91 billion current LCU | +7.4% |
| 1986 | 67.22 billion current LCU | +6.9% |
| 1987 | 71.77 billion current LCU | +6.8% |
| 1988 | 75.04 billion current LCU | +4.6% |
| 1989 | 89.58 billion current LCU | +19.4% |
| 1990 | 106.30 billion current LCU | +18.7% |
| 1991 | 121.09 billion current LCU | +13.9% |
| 1992 | 144.05 billion current LCU | +19.0% |
| 1993 | 162.39 billion current LCU | +12.7% |
| 1994 | 173.36 billion current LCU | +6.8% |
| 1995 | 223.17 billion current LCU | +28.7% |
| 1996 | 241.60 billion current LCU | +8.3% |
| 1997 | 262.32 billion current LCU | +8.6% |
| 1998 | 281.12 billion current LCU | +7.2% |
| 1999 | 298.27 billion current LCU | +6.1% |
| 2000 | 305.36 billion current LCU | +2.4% |
| 2001 | 301.27 billion current LCU | -1.3% |
| 2002 | 308.51 billion current LCU | +2.4% |
| 2003 | 330.11 billion current LCU | +7.0% |
| 2004 | 357.94 billion current LCU | +8.4% |
| 2005 | 403.27 billion current LCU | +12.7% |
| 2006 | 505.65 billion current LCU | +25.4% |
| 2007 | 559.46 billion current LCU | +10.6% |
| 2008 | 584.50 billion current LCU | +4.5% |
| 2009 | 640.57 billion current LCU | +9.6% |
| 2010 | 754.78 billion current LCU | +17.8% |
| 2011 | 807.67 billion current LCU | +7.0% |
| 2012 | 680.99 billion current LCU | -15.7% |
| 2013 | 713.16 billion current LCU | +4.7% |
| 2014 | 722.80 billion current LCU | +1.4% |
| 2015 | 747.23 billion current LCU | +3.4% |
| 2016 | 788.37 billion current LCU | +5.5% |
| 2017 | 796.73 billion current LCU | +1.1% |
| 2018 | 807.13 billion current LCU | +1.3% |
| 2019 | 814.70 billion current LCU | +0.9% |
| 2020 | 823.55 billion current LCU | +1.1% |
| 2021 | 815.77 billion current LCU | -0.9% |
| 2022 | 818.24 billion current LCU | +0.3% |
| 2023 | 842.77 billion current LCU | +3.0% |
| 2024 | 855.29 billion current LCU | +1.5% |
Thailand compared with similar countries
- Thailand's 855.29 billion current LCU is above the median for upper middle income countries, which is 95.94 billion current LCU, 8.9× the median. (47 countries reporting)
- Thailand's 855.29 billion current LCU is above the median for East Asia & Pacific, which is 23.59 billion current LCU, 36.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.56 billion current LCU | 6.83 billion current LCU | 20.85 billion current LCU | 8 |
| 1980s | 59.51 billion current LCU | 26.57 billion current LCU | 89.58 billion current LCU | 10 |
| 1990s | 201.37 billion current LCU | 106.30 billion current LCU | 298.27 billion current LCU | 10 |
| 2000s | 429.66 billion current LCU | 301.27 billion current LCU | 640.57 billion current LCU | 10 |
| 2010s | 763.36 billion current LCU | 680.99 billion current LCU | 814.70 billion current LCU | 10 |
| 2020s | 831.13 billion current LCU | 815.77 billion current LCU | 855.29 billion current LCU | 5 |
Countries ranked near Thailand
More public sector data for Thailand
- 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 33.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 1.02 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 -74.91 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Thailand?
- Compensation of employees in Thailand was 855.29 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 Thailand?
- The highest recorded value was 855.29 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Thailand?
- The lowest recorded value was 6.83 billion current LCU in 1972.
- How does Thailand rank for compensation of employees?
- Thailand ranks 35th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Thailand?
- Over the last ten years it is up 18.3%. The long-run trend across the full record is volatile.
- Where does this Thailand 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.