Compensation of employees (% of expense) in Colombia
Colombia: Compensation of employees (% of expense) was 9.8% in 2023. ◆ Volatile
Compensation of employees in Colombia, 1998–2023
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 Colombia is 9.8%, measured in 2023.
The figure is up 3.8% on the previous year and up 25.5% over ten years.
Over the whole period, compensation of employees in Colombia peaked at 45.0% in 2000 and was at its lowest, 7.8%, in 2013.
That places Colombia 141st out of 155 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (% of expense) in Colombia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 43.4% | — |
| 1999 | 42.2% | -2.6% |
| 2000 | 45.0% | +6.6% |
| 2003 | 20.2% | -55.2% |
| 2008 | 18.4% | -9.0% |
| 2009 | 18.8% | +2.2% |
| 2010 | 18.4% | -2.2% |
| 2011 | 23.0% | +25.4% |
| 2012 | 11.3% | -51.1% |
| 2013 | 7.8% | -30.4% |
| 2014 | 9.6% | +22.8% |
| 2015 | 11.1% | +15.9% |
| 2016 | 10.7% | -3.9% |
| 2017 | 11.4% | +6.3% |
| 2018 | 13.4% | +17.4% |
| 2019 | 10.6% | -20.6% |
| 2020 | 10.7% | +0.6% |
| 2021 | 9.5% | -10.6% |
| 2022 | 9.5% | -0.7% |
| 2023 | 9.8% | +3.8% |
Colombia compared with similar countries
- Colombia's 9.8% is below the median for upper middle income countries, which is 26.6%, 37% of the median. (47 countries reporting)
- Colombia's 9.8% is below the median for Latin America & Caribbean, which is 32.0%, 31% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 42.8% | 42.2% | 43.4% | 2 |
| 2000s | 25.6% | 18.4% | 45.0% | 4 |
| 2010s | 12.7% | 7.8% | 23.0% | 10 |
| 2020s | 9.9% | 9.5% | 10.7% | 4 |
Countries ranked near Colombia
More public sector data for Colombia
- 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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 22.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.3593 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 533.33 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Colombia?
- Compensation of employees in Colombia was 9.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Colombia?
- The highest recorded value was 45.0% in 2000.
- What is the lowest compensation of employees recorded in Colombia?
- The lowest recorded value was 7.8% in 2013.
- How does Colombia rank for compensation of employees?
- Colombia ranks 141st out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Colombia?
- Over the last ten years it is up 25.5%. The long-run trend across the full record is volatile.
- Where does this Colombia 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 — 20 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.