Compensation of employees in Chile
Chile: Compensation of employees was 19.9% in 2023. ▼ Falling
Compensation of employees in Chile, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, compensation of employees in Chile stood at 19.9%.
Compared with earlier readings it is up 2.6% on the previous year and down 6.3% over ten years.
Over the whole period, compensation of employees in Chile peaked at 23.2% in 1997 and was at its lowest, 15.8%, in 2021.
Chile ranks 98th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Compensation of employees in Chile, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 19.8% | — |
| 1991 | 19.8% | +0.2% |
| 1992 | 20.6% | +3.9% |
| 1993 | 21.6% | +4.5% |
| 1994 | 22.3% | +3.5% |
| 1995 | 22.7% | +1.7% |
| 1996 | 22.7% | +0.2% |
| 1997 | 23.2% | +2.2% |
| 1998 | 22.9% | -1.3% |
| 1999 | 22.9% | -0.3% |
| 2000 | 20.9% | -8.5% |
| 2001 | 20.8% | -0.7% |
| 2002 | 20.7% | -0.5% |
| 2003 | 20.8% | +0.8% |
| 2004 | 20.9% | +0.5% |
| 2005 | 21.4% | +2.1% |
| 2006 | 21.3% | -0.3% |
| 2007 | 21.5% | +0.9% |
| 2008 | 20.5% | -4.5% |
| 2009 | 20.6% | +0.2% |
| 2010 | 20.8% | +1.3% |
| 2011 | 20.9% | +0.3% |
| 2012 | 20.9% | +0.0% |
| 2013 | 21.3% | +1.8% |
| 2014 | 21.3% | +0.1% |
| 2015 | 21.0% | -1.3% |
| 2016 | 21.2% | +1.0% |
| 2017 | 21.4% | +0.8% |
| 2018 | 21.6% | +0.8% |
| 2019 | 21.5% | -0.3% |
| 2020 | 20.1% | -6.5% |
| 2021 | 15.8% | -21.4% |
| 2022 | 19.4% | +22.9% |
| 2023 | 19.9% | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.9% | 19.8% | 23.2% | 10 |
| 2000s | 20.9% | 20.5% | 21.5% | 10 |
| 2010s | 21.2% | 20.8% | 21.6% | 10 |
| 2020s | 18.8% | 15.8% | 20.1% | 4 |
Countries ranked near Chile
More public sector data for Chile
- Arms imports 14.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.7083 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 55.56 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 258.31 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0155 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -6.67 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 5.11 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 12.12 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Chile?
- Compensation of employees in Chile was 19.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Chile?
- The highest recorded value was 23.2% in 1997.
- What is the lowest compensation of employees recorded in Chile?
- The lowest recorded value was 15.8% in 2021.
- How does Chile rank for compensation of employees?
- Chile ranks 98th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Chile?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is falling.
- Where does this Chile 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.