Compensation of employees in Ghana
Ghana: Compensation of employees was 28.3% in 2022. ▼ Falling
Compensation of employees in Ghana, 2001–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, compensation of employees in Ghana stood at 28.3%. That is the lowest value across all 22 years on record.
The figure is down 14.4% on the previous year and down 20.2% over ten years.
Over the whole period, compensation of employees in Ghana peaked at 46.0% in 2002 and was at its lowest, 28.3%, in 2022.
That places Ghana 66th out of 155 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Compensation of employees in Ghana, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 35.8% | — |
| 2002 | 46.0% | +28.4% |
| 2003 | 41.7% | -9.3% |
| 2004 | 39.7% | -4.8% |
| 2005 | 40.1% | +1.1% |
| 2006 | 42.3% | +5.3% |
| 2007 | 37.5% | -11.2% |
| 2008 | 34.6% | -7.7% |
| 2009 | 39.9% | +15.3% |
| 2010 | 35.7% | -10.6% |
| 2011 | 38.4% | +7.5% |
| 2012 | 35.4% | -7.7% |
| 2013 | 39.5% | +11.4% |
| 2014 | 36.2% | -8.3% |
| 2015 | 38.0% | +4.9% |
| 2016 | 35.3% | -7.2% |
| 2017 | 36.8% | +4.3% |
| 2018 | 36.1% | -1.8% |
| 2019 | 35.6% | -1.4% |
| 2020 | 33.0% | -7.4% |
| 2021 | 33.0% | +0.3% |
| 2022 | 28.3% | -14.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.7% | 34.6% | 46.0% | 9 |
| 2010s | 36.7% | 35.3% | 39.5% | 10 |
| 2020s | 31.4% | 28.3% | 33.0% | 3 |
Countries ranked near Ghana
More public sector data for Ghana
- Arms imports 11.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3195 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 37.5 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 7.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0032 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -5.83 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 268.74 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.16 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Ghana?
- Compensation of employees in Ghana was 28.3% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Ghana?
- The highest recorded value was 46.0% in 2002.
- What is the lowest compensation of employees recorded in Ghana?
- The lowest recorded value was 28.3% in 2022.
- How does Ghana rank for compensation of employees?
- Ghana ranks 66th out of 155 countries with data for 2022.
- Is compensation of employees rising or falling in Ghana?
- Over the last ten years it is down 20.2%. The long-run trend across the full record is falling.
- Where does this Ghana 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.