Compensation of employees in Caribbean Small States
Caribbean Small States: Compensation of employees was 32.1% in 2019. ▼ Falling
Compensation of employees in Caribbean Small States, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2019, compensation of employees in Caribbean Small States stood at 32.1%.
That represents a change of down 2.3% on the previous year and up 25.7% over ten years.
Over the whole period, compensation of employees in Caribbean Small States peaked at 37.8% in 2002 and was at its lowest, 21.5%, in 2008.
Caribbean Small States ranks 11th of 41 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Compensation of employees in Caribbean Small States, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 36.6% | — |
| 2002 | 37.8% | +3.2% |
| 2003 | 37.0% | -2.2% |
| 2004 | 33.0% | -10.8% |
| 2005 | 31.5% | -4.5% |
| 2006 | 21.7% | -31.0% |
| 2007 | 26.3% | +20.8% |
| 2008 | 21.5% | -18.2% |
| 2009 | 25.6% | +19.0% |
| 2010 | 24.1% | -5.7% |
| 2012 | 24.2% | +0.6% |
| 2013 | 27.1% | +11.8% |
| 2014 | 24.5% | -9.6% |
| 2015 | 28.6% | +16.6% |
| 2016 | 32.3% | +12.9% |
| 2017 | 30.9% | -4.3% |
| 2018 | 32.9% | +6.5% |
| 2019 | 32.1% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.1% | 21.5% | 37.8% | 9 |
| 2010s | 28.5% | 24.1% | 32.9% | 9 |
Countries ranked near Caribbean Small States
- 8 Honduras 48.6% compare
- 9 Saudi Arabia 48.5% compare
- 10 Burundi 48.1% compare
- 11 Madagascar 47.9% compare
- 12 Solomon Islands 47.3% compare
- 13 Eswatini 47.0% compare
- 14 Samoa 46.1% compare
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on income, profits and capital gains 26.1% (2019)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 2.4% (2017)
- Net lending (+) / net borrowing (-) -5.5% (2017)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
- Goods and services expense 22.1% (2019)
Frequently asked questions
- What is compensation of employees in Caribbean Small States?
- Compensation of employees in Caribbean Small States was 32.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Caribbean Small States?
- The highest recorded value was 37.8% in 2002.
- What is the lowest compensation of employees recorded in Caribbean Small States?
- The lowest recorded value was 21.5% in 2008.
- How does Caribbean Small States rank for compensation of employees?
- Caribbean Small States ranks 11th out of 41 groups with data for 2019.
- Is compensation of employees rising or falling in Caribbean Small States?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is falling.
- Where does this Caribbean Small States 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.