Compensation of employees (% of expense) in Cape Verde
Cape Verde: Compensation of employees (% of expense) was 39.9% in 2020. ▲ Rising
Compensation of employees in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2020, compensation of employees in Cape Verde stood at 39.9%.
Compared with earlier readings it is up 0.4% on the previous year and down 3.6% over ten years.
Over the whole period, compensation of employees in Cape Verde peaked at 43.1% in 2013 and was at its lowest, 35.0%, in 2007.
Cape Verde ranks 27th of 155 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Compensation of employees (% of expense) in Cape Verde, year by year
| Year | % of expense | Change |
|---|---|---|
| 2005 | 37.3% | — |
| 2006 | 35.8% | -4.0% |
| 2007 | 35.0% | -2.3% |
| 2008 | 35.1% | +0.5% |
| 2009 | 40.5% | +15.3% |
| 2010 | 41.3% | +2.1% |
| 2011 | 40.6% | -1.8% |
| 2012 | 42.2% | +4.0% |
| 2013 | 43.1% | +2.2% |
| 2014 | 41.8% | -3.0% |
| 2015 | 38.3% | -8.5% |
| 2016 | 38.5% | +0.5% |
| 2017 | 38.2% | -0.8% |
| 2018 | 41.9% | +9.7% |
| 2019 | 39.7% | -5.2% |
| 2020 | 39.9% | +0.4% |
Cape Verde compared with similar countries
- Cape Verde's 39.9% is above the median for upper middle income countries, which is 26.6%, 1.5× the median. (47 countries reporting)
- Cape Verde's 39.9% is above the median for Sub-Saharan Africa, which is 36.9%, 1.1× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.7% | 35.0% | 40.5% | 5 |
| 2010s | 40.6% | 38.2% | 43.1% | 10 |
| 2020s | 39.9% | 39.9% | 39.9% | 1 |
Countries ranked near Cape Verde
More public sector data for Cape Verde
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- Arms imports 3.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 5.84 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2019)
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Frequently asked questions
- What is compensation of employees in Cape Verde?
- Compensation of employees in Cape Verde was 39.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Cape Verde?
- The highest recorded value was 43.1% in 2013.
- What is the lowest compensation of employees recorded in Cape Verde?
- The lowest recorded value was 35.0% in 2007.
- How does Cape Verde rank for compensation of employees?
- Cape Verde ranks 27th out of 155 countries with data for 2020.
- Is compensation of employees rising or falling in Cape Verde?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is rising.
- Where does this Cape Verde 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.