Compensation of employees in Thailand
Thailand: Compensation of employees 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 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% |
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
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 73.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 77.06 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.89 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 5.52 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 569.59 SIPRI trend indicator values per square kilometre (2023)
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
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.