Compensation of employees in United States of America
United States of America: Compensation of employees was 590.32 billion current LCU in 2024. ◆ Volatile
Latest (2024)
590.32 billion current LCU
Change on year
up 7.1%
World rank
41st
of 156 countries
All-time high
590.32 billion current LCU
in 2024
All-time low
42.26 billion current LCU
in 1972
Years of data
53
1972–2024
Compensation of employees in United States of America, 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 States of America is 590.32 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 7.1% on the previous year and up 50.3% over ten years.
Over the whole period, compensation of employees in United States of America peaked at 590.32 billion current LCU in 2024 and was at its lowest, 42.26 billion current LCU, in 1972.
That places United States of America 41st out of 156 countries with data for 2024, putting it 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 in United States of America, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 42.26 billion current LCU | — |
| 1973 | 44.68 billion current LCU | +5.7% |
| 1974 | 46.14 billion current LCU | +3.3% |
| 1975 | 48.91 billion current LCU | +6.0% |
| 1976 | 51.56 billion current LCU | +5.4% |
| 1977 | 55.25 billion current LCU | +7.2% |
| 1978 | 59.71 billion current LCU | +8.1% |
| 1979 | 63.02 billion current LCU | +5.5% |
| 1980 | 67.74 billion current LCU | +7.5% |
| 1981 | 75.91 billion current LCU | +12.1% |
| 1982 | 83.93 billion current LCU | +10.6% |
| 1983 | 89.11 billion current LCU | +6.2% |
| 1984 | 94.32 billion current LCU | +5.8% |
| 1985 | 100.74 billion current LCU | +6.8% |
| 1986 | 105.58 billion current LCU | +4.8% |
| 1987 | 111.09 billion current LCU | +5.2% |
| 1988 | 117.51 billion current LCU | +5.8% |
| 1989 | 122.69 billion current LCU | +4.4% |
| 1990 | 129.34 billion current LCU | +5.4% |
| 1991 | 138.48 billion current LCU | +7.1% |
| 1992 | 138.22 billion current LCU | -0.2% |
| 1993 | 138.75 billion current LCU | +0.4% |
| 1994 | 138.42 billion current LCU | -0.2% |
| 1995 | 139.02 billion current LCU | +0.4% |
| 1996 | 140.48 billion current LCU | +1.1% |
| 1997 | 142.10 billion current LCU | +1.2% |
| 1998 | 144.01 billion current LCU | +1.3% |
| 1999 | 150.62 billion current LCU | +4.6% |
| 2000 | 159.18 billion current LCU | +5.7% |
| 2001 | 201.42 billion current LCU | +26.5% |
| 2002 | 225.78 billion current LCU | +12.1% |
| 2003 | 256.61 billion current LCU | +13.7% |
| 2004 | 273.30 billion current LCU | +6.5% |
| 2005 | 292.13 billion current LCU | +6.9% |
| 2006 | 304.18 billion current LCU | +4.1% |
| 2007 | 319.40 billion current LCU | +5.0% |
| 2008 | 340.25 billion current LCU | +6.5% |
| 2009 | 366.47 billion current LCU | +7.7% |
| 2010 | 392.66 billion current LCU | +7.1% |
| 2011 | 400.81 billion current LCU | +2.1% |
| 2012 | 397.97 billion current LCU | -0.7% |
| 2013 | 388.44 billion current LCU | -2.4% |
| 2014 | 392.71 billion current LCU | +1.1% |
| 2015 | 398.05 billion current LCU | +1.4% |
| 2016 | 408.26 billion current LCU | +2.6% |
| 2017 | 416.90 billion current LCU | +2.1% |
| 2018 | 434.45 billion current LCU | +4.2% |
| 2019 | 447.80 billion current LCU | +3.1% |
| 2020 | 474.17 billion current LCU | +5.9% |
| 2021 | 493.86 billion current LCU | +4.2% |
| 2022 | 511.15 billion current LCU | +3.5% |
| 2023 | 551.02 billion current LCU | +7.8% |
| 2024 | 590.32 billion current LCU | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 51.44 billion current LCU | 42.26 billion current LCU | 63.02 billion current LCU | 8 |
| 1980s | 96.86 billion current LCU | 67.74 billion current LCU | 122.69 billion current LCU | 10 |
| 1990s | 139.94 billion current LCU | 129.34 billion current LCU | 150.62 billion current LCU | 10 |
| 2000s | 273.87 billion current LCU | 159.18 billion current LCU | 366.47 billion current LCU | 10 |
| 2010s | 407.81 billion current LCU | 388.44 billion current LCU | 447.80 billion current LCU | 10 |
| 2020s | 524.11 billion current LCU | 474.17 billion current LCU | 590.32 billion current LCU | 5 |
Countries ranked near United States of America
- 38 Gabon 682.39 billion current LCU compare
- 39 Mali 631.06 billion current LCU compare
- 40 Bangladesh 596.99 billion current LCU compare
- 42 Saudi Arabia 562.26 billion current LCU compare
- 43 Burundi 480.99 billion current LCU compare
- 44 Dominican Republic 453.52 billion current LCU compare
More public sector data for United States of America
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 52.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.21 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,933 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.034 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 997.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 86.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in United States of America?
- Compensation of employees in United States of America was 590.32 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 States of America?
- The highest recorded value was 590.32 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in United States of America?
- The lowest recorded value was 42.26 billion current LCU in 1972.
- How does United States of America rank for compensation of employees?
- United States of America ranks 41st out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in United States of America?
- Over the last ten years it is up 50.3%. The long-run trend across the full record is volatile.
- Where does this United States of America 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.