Compensation of employees in Zambia
Zambia: Compensation of employees was 53.95 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Zambia, 1990–2024
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 Zambia is 53.95 billion current LCU, measured in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 20.2% on the previous year and up 251.1% over ten years.
Over the whole period, compensation of employees in Zambia peaked at 53.95 billion current LCU in 2024 and was at its lowest, 5.02 million current LCU, in 1990.
Zambia ranks 81st 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 in Zambia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 5.02 million current LCU | — |
| 1991 | 12.75 million current LCU | +154.0% |
| 1992 | 32.24 million current LCU | +152.9% |
| 1993 | 66.40 million current LCU | +106.0% |
| 1998 | 448.70 million current LCU | +575.7% |
| 1999 | 405.80 million current LCU | -9.6% |
| 2001 | 811.23 million current LCU | +99.9% |
| 2002 | 1.15 billion current LCU | +41.2% |
| 2003 | 1.63 billion current LCU | +42.5% |
| 2004 | 2.01 billion current LCU | +23.2% |
| 2005 | 2.68 billion current LCU | +33.1% |
| 2006 | 2.46 billion current LCU | -8.0% |
| 2007 | 3.54 billion current LCU | +43.8% |
| 2008 | 4.41 billion current LCU | +24.6% |
| 2009 | 5.20 billion current LCU | +17.9% |
| 2010 | 6.39 billion current LCU | +22.9% |
| 2011 | 6.95 billion current LCU | +8.7% |
| 2012 | 10.66 billion current LCU | +53.4% |
| 2013 | 11.38 billion current LCU | +6.7% |
| 2014 | 15.37 billion current LCU | +35.1% |
| 2015 | 16.40 billion current LCU | +6.7% |
| 2016 | 18.64 billion current LCU | +13.7% |
| 2017 | 20.03 billion current LCU | +7.4% |
| 2018 | 20.97 billion current LCU | +4.7% |
| 2019 | 22.33 billion current LCU | +6.5% |
| 2020 | 27.33 billion current LCU | +22.4% |
| 2021 | 31.09 billion current LCU | +13.7% |
| 2022 | 37.27 billion current LCU | +19.9% |
| 2023 | 44.89 billion current LCU | +20.4% |
| 2024 | 53.95 billion current LCU | +20.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 161.82 million current LCU | 5.02 million current LCU | 448.70 million current LCU | 6 |
| 2000s | 2.66 billion current LCU | 811.23 million current LCU | 5.20 billion current LCU | 9 |
| 2010s | 14.91 billion current LCU | 6.39 billion current LCU | 22.33 billion current LCU | 10 |
| 2020s | 38.91 billion current LCU | 27.33 billion current LCU | 53.95 billion current LCU | 5 |
Countries ranked near Zambia
More public sector data for Zambia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.0469 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 -80 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 16.4 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0138 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -7.29 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 349.67 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6.73 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Zambia?
- Compensation of employees in Zambia was 53.95 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 Zambia?
- The highest recorded value was 53.95 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Zambia?
- The lowest recorded value was 5.02 million current LCU in 1990.
- How does Zambia rank for compensation of employees?
- Zambia ranks 81st out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Zambia?
- Over the last ten years it is up 251.1%. The long-run trend across the full record is volatile.
- Where does this Zambia 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 — 30 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.