Compensation of employees in Georgia
Georgia: Compensation of employees was 14.4% in 2023. ▲ Rising
Compensation of employees in Georgia, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, compensation of employees in Georgia stood at 14.4%.
That represents a change of up 14.0% on the previous year and down 29.7% over ten years.
Over the whole period, compensation of employees in Georgia peaked at 22.5% in 2015 and was at its lowest, 8.4%, in 2000.
That places Georgia 123rd out of 155 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Compensation of employees in Georgia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 8.9% | — |
| 1996 | 12.5% | +39.2% |
| 1997 | 12.9% | +3.7% |
| 1998 | 13.6% | +5.0% |
| 1999 | 11.8% | -12.7% |
| 2000 | 8.4% | -28.8% |
| 2001 | 9.1% | +7.8% |
| 2002 | 9.7% | +7.3% |
| 2003 | 10.5% | +8.0% |
| 2004 | 12.0% | +14.0% |
| 2005 | 13.3% | +10.9% |
| 2006 | 14.0% | +4.9% |
| 2007 | 13.6% | -2.8% |
| 2008 | 16.2% | +19.3% |
| 2009 | 16.7% | +3.2% |
| 2010 | 17.9% | +7.1% |
| 2011 | 16.8% | -6.3% |
| 2012 | 15.5% | -7.6% |
| 2013 | 20.4% | +31.7% |
| 2014 | 19.2% | -5.9% |
| 2015 | 22.5% | +17.1% |
| 2016 | 21.5% | -4.4% |
| 2017 | 19.8% | -8.1% |
| 2018 | 16.5% | -16.4% |
| 2019 | 15.3% | -7.2% |
| 2020 | 13.5% | -12.0% |
| 2021 | 12.7% | -5.8% |
| 2022 | 12.6% | -0.9% |
| 2023 | 14.4% | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.9% | 8.9% | 13.6% | 5 |
| 2000s | 12.4% | 8.4% | 16.7% | 10 |
| 2010s | 18.5% | 15.3% | 22.5% | 10 |
| 2020s | 13.3% | 12.6% | 14.4% | 4 |
Countries ranked near Georgia
- 120 Timor-Leste 14.7% compare
- 121 Norway 14.7% compare
- 122 Croatia 14.5% compare
- 124 Rwanda 14.3% compare
- 125 Azerbaijan 14.2% compare
- 126 South Africa 14.2% compare
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.46 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 17.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 161.54 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.018 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 21.14 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 615.86 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 0 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Georgia?
- Compensation of employees in Georgia was 14.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Georgia?
- The highest recorded value was 22.5% in 2015.
- What is the lowest compensation of employees recorded in Georgia?
- The lowest recorded value was 8.4% in 2000.
- How does Georgia rank for compensation of employees?
- Georgia ranks 123rd out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Georgia?
- Over the last ten years it is down 29.7%. The long-run trend across the full record is rising.
- Where does this Georgia 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.