Compensation of employees in Euro area
Euro area: Compensation of employees was 16.4% in 2023. ▬ Flat
Compensation of employees in Euro area, 1974–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Euro area recorded 16.4% for compensation of employees in 2023.
The figure is up 3.3% on the previous year and up 6.8% over ten years.
Over the whole period, compensation of employees in Euro area peaked at 19.8% in 1981 and was at its lowest, 10.2%, in 1991.
That places Euro area 34th out of 41 groups with data for 2023, putting it in the bottom quarter.
Compensation of employees in Euro area, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 17.8% | — |
| 1975 | 15.6% | -12.2% |
| 1976 | 14.9% | -4.5% |
| 1977 | 15.7% | +5.3% |
| 1978 | 15.3% | -2.5% |
| 1979 | 15.2% | -0.9% |
| 1980 | 17.1% | +12.5% |
| 1981 | 19.8% | +16.2% |
| 1982 | 19.4% | -2.2% |
| 1983 | 19.0% | -1.8% |
| 1984 | 18.8% | -1.1% |
| 1985 | 18.4% | -2.1% |
| 1986 | 15.3% | -17.1% |
| 1987 | 15.2% | -0.4% |
| 1988 | 15.2% | -0.3% |
| 1989 | 15.4% | +1.4% |
| 1990 | 13.2% | -14.2% |
| 1991 | 10.2% | -22.8% |
| 1992 | 12.3% | +20.4% |
| 1993 | 12.1% | -1.2% |
| 1994 | 12.5% | +3.4% |
| 1995 | 16.9% | +34.5% |
| 1996 | 16.9% | +0.3% |
| 1997 | 16.2% | -4.2% |
| 1998 | 18.0% | +11.2% |
| 1999 | 18.2% | +1.0% |
| 2000 | 16.4% | -10.0% |
| 2001 | 17.8% | +8.9% |
| 2002 | 17.1% | -4.1% |
| 2003 | 15.5% | -9.5% |
| 2004 | 15.3% | -0.8% |
| 2005 | 17.4% | +13.1% |
| 2006 | 17.3% | -0.6% |
| 2007 | 17.2% | -0.5% |
| 2008 | 16.6% | -3.0% |
| 2009 | 16.2% | -3.0% |
| 2010 | 14.3% | -11.5% |
| 2011 | 15.4% | +7.9% |
| 2012 | 15.7% | +1.7% |
| 2013 | 15.4% | -1.9% |
| 2014 | 15.7% | +2.2% |
| 2015 | 15.6% | -0.8% |
| 2016 | 16.3% | +4.2% |
| 2017 | 16.5% | +1.5% |
| 2018 | 16.1% | -2.4% |
| 2019 | 16.3% | +1.2% |
| 2020 | 15.4% | -5.6% |
| 2021 | 15.6% | +1.3% |
| 2022 | 15.9% | +2.0% |
| 2023 | 16.4% | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.7% | 14.9% | 17.8% | 6 |
| 1980s | 17.4% | 15.2% | 19.8% | 10 |
| 1990s | 14.6% | 10.2% | 18.2% | 10 |
| 2000s | 16.7% | 15.3% | 17.8% | 10 |
| 2010s | 15.7% | 14.3% | 16.5% | 10 |
| 2020s | 15.8% | 15.4% | 16.4% | 4 |
Countries ranked near Euro area
More public sector data for Euro area
- Arms imports 3.29 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 9.21 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 41.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.29 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 806.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 16.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 288.53 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 819.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Euro area?
- Compensation of employees in Euro area was 16.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Euro area?
- The highest recorded value was 19.8% in 1981.
- What is the lowest compensation of employees recorded in Euro area?
- The lowest recorded value was 10.2% in 1991.
- How does Euro area rank for compensation of employees?
- Euro area ranks 34th out of 41 groups with data for 2023.
- Is compensation of employees rising or falling in Euro area?
- Over the last ten years it is up 6.8%. The long-run trend across the full record is flat.
- Where does this Euro area 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.