Compensation of employees in Armenia
Armenia: Compensation of employees was 19.3% in 2023. ▼ Falling
Compensation of employees in Armenia, 2004–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for compensation of employees in Armenia is 19.3%, measured in 2023.
The figure is up 1.4% on the previous year and down 11.1% over ten years.
Over the whole period, compensation of employees in Armenia peaked at 24.8% in 2009 and was at its lowest, 17.1%, in 2004.
That places Armenia 99th out of 155 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Compensation of employees in Armenia, year by year
| Year | % of expense | Change |
|---|---|---|
| 2004 | 17.1% | — |
| 2005 | 20.5% | +19.9% |
| 2006 | 21.3% | +4.1% |
| 2007 | 21.4% | +0.3% |
| 2008 | 21.0% | -1.7% |
| 2009 | 24.8% | +18.0% |
| 2010 | 23.6% | -4.9% |
| 2011 | 23.6% | -0.2% |
| 2012 | 22.3% | -5.4% |
| 2013 | 21.8% | -2.4% |
| 2014 | 21.6% | -0.7% |
| 2015 | 21.0% | -2.8% |
| 2016 | 20.8% | -1.1% |
| 2017 | 21.7% | +4.7% |
| 2018 | 20.7% | -4.6% |
| 2019 | 21.2% | +2.0% |
| 2020 | 19.2% | -9.2% |
| 2021 | 18.4% | -4.1% |
| 2022 | 19.1% | +3.6% |
| 2023 | 19.3% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.0% | 17.1% | 24.8% | 6 |
| 2010s | 21.8% | 20.7% | 23.6% | 10 |
| 2020s | 19.0% | 18.4% | 19.3% | 4 |
Countries ranked near Armenia
More public sector data for Armenia
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 6.92 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 200 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 21.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 467.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0546 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.92 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.42 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 248.23 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Armenia?
- Compensation of employees in Armenia was 19.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Armenia?
- The highest recorded value was 24.8% in 2009.
- What is the lowest compensation of employees recorded in Armenia?
- The lowest recorded value was 17.1% in 2004.
- How does Armenia rank for compensation of employees?
- Armenia ranks 99th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Armenia?
- Over the last ten years it is down 11.1%. The long-run trend across the full record is falling.
- Where does this Armenia 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.