Compensation of employees (current LCU) in United Kingdom
United Kingdom: Compensation of employees (current LCU) was 194.78 billion current LCU in 2024. ◆ Volatile
Compensation of employees in United Kingdom, 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 United Kingdom is 194.78 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 8.7% on the previous year and up 102.2% over ten years.
Over the whole period, compensation of employees in United Kingdom peaked at 194.78 billion current LCU in 2024 and was at its lowest, 3.33 billion current LCU, in 1972.
United Kingdom ranks 62nd 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 United Kingdom, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 3.33 billion current LCU | — |
| 1973 | 3.63 billion current LCU | +9.1% |
| 1974 | 4.82 billion current LCU | +32.8% |
| 1975 | 6.41 billion current LCU | +33.0% |
| 1976 | 7.35 billion current LCU | +14.6% |
| 1977 | 7.48 billion current LCU | +1.8% |
| 1978 | 8.31 billion current LCU | +11.1% |
| 1979 | 9.53 billion current LCU | +14.6% |
| 1980 | 12.18 billion current LCU | +27.8% |
| 1981 | 13.59 billion current LCU | +11.6% |
| 1982 | 14.32 billion current LCU | +5.4% |
| 1983 | 15.61 billion current LCU | +9.0% |
| 1984 | 16.10 billion current LCU | +3.2% |
| 1985 | 17.16 billion current LCU | +6.5% |
| 1986 | 18.09 billion current LCU | +5.4% |
| 1987 | 23.11 billion current LCU | +27.8% |
| 1988 | 24.95 billion current LCU | +8.0% |
| 1989 | 27.47 billion current LCU | +10.1% |
| 1990 | 30.32 billion current LCU | +10.4% |
| 1991 | 31.65 billion current LCU | +4.4% |
| 1992 | 32.49 billion current LCU | +2.7% |
| 1993 | 29.72 billion current LCU | -8.5% |
| 1994 | 24.32 billion current LCU | -18.2% |
| 1995 | 49.10 billion current LCU | +101.9% |
| 1996 | 50.86 billion current LCU | +3.6% |
| 1997 | 52.12 billion current LCU | +2.5% |
| 1998 | 53.06 billion current LCU | +1.8% |
| 1999 | 53.59 billion current LCU | +1.0% |
| 2000 | 56.54 billion current LCU | +5.5% |
| 2001 | 62.21 billion current LCU | +10.0% |
| 2002 | 65.97 billion current LCU | +6.0% |
| 2003 | 71.45 billion current LCU | +8.3% |
| 2004 | 77.48 billion current LCU | +8.4% |
| 2005 | 81.74 billion current LCU | +5.5% |
| 2006 | 87.91 billion current LCU | +7.6% |
| 2007 | 92.04 billion current LCU | +4.7% |
| 2008 | 95.45 billion current LCU | +3.7% |
| 2009 | 98.46 billion current LCU | +3.2% |
| 2010 | 99.92 billion current LCU | +1.5% |
| 2011 | 102.65 billion current LCU | +2.7% |
| 2012 | 108.17 billion current LCU | +5.4% |
| 2013 | 90.97 billion current LCU | -15.9% |
| 2014 | 96.34 billion current LCU | +5.9% |
| 2015 | 96.63 billion current LCU | +0.3% |
| 2016 | 99.72 billion current LCU | +3.2% |
| 2017 | 117.26 billion current LCU | +17.6% |
| 2018 | 126.94 billion current LCU | +8.3% |
| 2019 | 133.33 billion current LCU | +5.0% |
| 2020 | 144.83 billion current LCU | +8.6% |
| 2021 | 151.02 billion current LCU | +4.3% |
| 2022 | 159.09 billion current LCU | +5.3% |
| 2023 | 179.22 billion current LCU | +12.7% |
| 2024 | 194.78 billion current LCU | +8.7% |
United Kingdom compared with similar countries
- United Kingdom's 194.78 billion current LCU is above the median for high income countries, which is 23.97 billion current LCU, 8.1× the median. (57 countries reporting)
- United Kingdom's 194.78 billion current LCU is above the median for Europe & Central Asia, which is 31.50 billion current LCU, 6.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in United Kingdom 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 | +101.9% | 24.32 billion current LCU | 49.10 billion current LCU |
| 1974 | +32.8% | 3.63 billion current LCU | 4.82 billion current LCU |
| 1975 | +33.0% | 4.82 billion current LCU | 6.41 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.36 billion current LCU | 3.33 billion current LCU | 9.53 billion current LCU | 8 |
| 1980s | 18.26 billion current LCU | 12.18 billion current LCU | 27.47 billion current LCU | 10 |
| 1990s | 40.72 billion current LCU | 24.32 billion current LCU | 53.59 billion current LCU | 10 |
| 2000s | 78.93 billion current LCU | 56.54 billion current LCU | 98.46 billion current LCU | 10 |
| 2010s | 107.19 billion current LCU | 90.97 billion current LCU | 133.33 billion current LCU | 10 |
| 2020s | 165.79 billion current LCU | 144.83 billion current LCU | 194.78 billion current LCU | 5 |
Countries ranked near United Kingdom
More public sector data for United Kingdom
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Frequently asked questions
- What is compensation of employees in United Kingdom?
- Compensation of employees in United Kingdom was 194.78 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 United Kingdom?
- The highest recorded value was 194.78 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in United Kingdom?
- The lowest recorded value was 3.33 billion current LCU in 1972.
- How does United Kingdom rank for compensation of employees?
- United Kingdom ranks 62nd out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in United Kingdom?
- Over the last ten years it is up 102.2%. The long-run trend across the full record is volatile.
- Where does this United Kingdom 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.