Compensation of employees in Colombia
Colombia: Compensation of employees 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 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% |
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
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 285.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0359 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 40.05 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2.7 SIPRI trend indicator values per square kilometre (2023)
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.
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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.