Compensation of employees in Barbados
Barbados: Compensation of employees was 24.7% in 2016. ▼ Falling
Compensation of employees in Barbados, 2003–2016
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 Barbados is 24.7%, measured in 2016.
That represents a change of up 1.5% on the previous year and down 22.4% over ten years.
Over the whole period, compensation of employees in Barbados peaked at 45.2% in 2003 and was at its lowest, 24.3%, in 2015.
That places Barbados 80th out of 155 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Compensation of employees in Barbados, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 45.2% | — |
| 2004 | 41.6% | -8.1% |
| 2005 | 32.7% | -21.4% |
| 2006 | 31.8% | -2.6% |
| 2007 | 29.6% | -7.0% |
| 2008 | 28.2% | -4.8% |
| 2009 | 29.1% | +3.2% |
| 2010 | 28.4% | -2.2% |
| 2011 | 29.7% | +4.5% |
| 2012 | 27.7% | -6.9% |
| 2013 | 27.0% | -2.6% |
| 2014 | 26.3% | -2.4% |
| 2015 | 24.3% | -7.5% |
| 2016 | 24.7% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.0% | 28.2% | 45.2% | 7 |
| 2010s | 26.9% | 24.3% | 29.7% | 7 |
Countries ranked near Barbados
- 77 Congo 25.9% compare
- 78 Bosnia and Herzegovina 25.8% compare
- 79 Tajikistan 24.8% compare
- 81 Kuwait 24.2%
- 82 Iceland 23.8% compare
- 83 San Marino 23.5% compare
More public sector data for Barbados
- Arms imports 10.00 million SIPRI trend indicator values (2009)
- Arms imports (SIPRI trend indicator values), per capita 36.48 SIPRI trend indicator values per person (2009)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0022 SIPRI trend indicator values per US$ of GDP (2009)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2009)
- Arms imports (SIPRI trend indicator values), per square kilometre 23,256 SIPRI trend indicator values per square kilometre (2009)
- Tax revenue 23.4% (2016)
- Capital stock, General government, Current prices, Domestic currency 9.85 (2019)
- Taxes on income, profits and capital gains 30.0% (2016)
- Capital stock, General government, Constant prices, Percent of GDP 132.09 (2019)
- Capital stock, General government, Constant prices, Purchasing power 4.43 (2019)
Frequently asked questions
- What is compensation of employees in Barbados?
- Compensation of employees in Barbados was 24.7% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Barbados?
- The highest recorded value was 45.2% in 2003.
- What is the lowest compensation of employees recorded in Barbados?
- The lowest recorded value was 24.3% in 2015.
- How does Barbados rank for compensation of employees?
- Barbados ranks 80th out of 155 countries with data for 2016.
- Is compensation of employees rising or falling in Barbados?
- Over the last ten years it is down 22.4%. The long-run trend across the full record is falling.
- Where does this Barbados 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.
Download this data
CSV · JSON — 14 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.