Compensation of employees (% of expense) in Greece
Greece: Compensation of employees (% of expense) was 18.4% in 2023. ▼ Falling
Compensation of employees in Greece, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, compensation of employees in Greece stood at 18.4%.
That represents a change of up 1.8% on the previous year and up 6.0% over ten years.
Over the whole period, compensation of employees in Greece peaked at 57.9% in 1972 and was at its lowest, 17.4%, in 2013.
Greece ranks 105th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 48 years of available data.
Compensation of employees (% of expense) in Greece, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 57.9% | — |
| 1973 | 53.2% | -8.0% |
| 1974 | 52.5% | -1.4% |
| 1975 | 54.7% | +4.2% |
| 1976 | 49.1% | -10.3% |
| 1977 | 49.3% | +0.5% |
| 1978 | 36.2% | -26.6% |
| 1979 | 36.2% | +0.1% |
| 1980 | 33.9% | -6.5% |
| 1981 | 33.5% | -1.3% |
| 1982 | 24.9% | -25.5% |
| 1983 | 30.2% | +21.0% |
| 1984 | 29.9% | -1.0% |
| 1985 | 29.9% | -0.1% |
| 1986 | 27.8% | -6.9% |
| 1987 | 25.8% | -7.1% |
| 1988 | 26.0% | +0.8% |
| 1989 | 24.2% | -7.0% |
| 1990 | 22.0% | -9.3% |
| 1995 | 20.9% | -4.9% |
| 1996 | 19.6% | -6.3% |
| 1997 | 22.0% | +12.4% |
| 1998 | 21.6% | -1.9% |
| 1999 | 22.0% | +2.1% |
| 2000 | 22.0% | -0.1% |
| 2001 | 22.0% | -0.2% |
| 2002 | 23.2% | +5.8% |
| 2003 | 22.6% | -2.8% |
| 2004 | 23.3% | +3.0% |
| 2005 | 23.5% | +1.0% |
| 2006 | 22.8% | -2.8% |
| 2007 | 22.2% | -2.9% |
| 2008 | 21.5% | -3.2% |
| 2009 | 22.4% | +4.2% |
| 2010 | 21.5% | -3.8% |
| 2011 | 20.4% | -5.2% |
| 2012 | 20.2% | -1.2% |
| 2013 | 17.4% | -13.8% |
| 2014 | 21.9% | +25.8% |
| 2015 | 20.6% | -5.9% |
| 2016 | 21.7% | +5.7% |
| 2017 | 21.9% | +0.9% |
| 2018 | 21.4% | -2.3% |
| 2019 | 21.4% | -0.1% |
| 2020 | 19.4% | -9.5% |
| 2021 | 18.7% | -3.7% |
| 2022 | 18.1% | -3.0% |
| 2023 | 18.4% | +1.8% |
Greece compared with similar countries
- Greece's 18.4% is below the median for high income countries, which is 18.9%, 98% of the median. (56 countries reporting)
- Greece's 18.4% is above the median for Europe & Central Asia, which is 16.4%, 1.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 48.6% | 36.2% | 57.9% | 8 |
| 1980s | 28.6% | 24.2% | 33.9% | 10 |
| 1990s | 21.3% | 19.6% | 22.0% | 6 |
| 2000s | 22.5% | 21.5% | 23.5% | 10 |
| 2010s | 20.8% | 17.4% | 21.9% | 10 |
| 2020s | 18.6% | 18.1% | 19.4% | 4 |
Countries ranked near Greece
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Frequently asked questions
- What is compensation of employees in Greece?
- Compensation of employees in Greece was 18.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Greece?
- The highest recorded value was 57.9% in 1972.
- What is the lowest compensation of employees recorded in Greece?
- The lowest recorded value was 17.4% in 2013.
- How does Greece rank for compensation of employees?
- Greece ranks 105th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Greece?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is falling.
- Where does this Greece 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.