Compensation of employees in Lao People's Democratic Republic
Lao People's Democratic Republic: Compensation of employees was 54.2% in 2022. ▲ Rising
Compensation of employees in Lao People's Democratic Republic, 2008–2022
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 Lao People's Democratic Republic is 54.2%, measured in 2022.
Compared with earlier readings it is down 7.0% on the previous year and up 21.1% over ten years.
Over the whole period, compensation of employees in Lao People's Democratic Republic peaked at 58.8% in 2017 and was at its lowest, 41.4%, in 2010.
Lao People's Democratic Republic ranks 2nd of 155 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Compensation of employees in Lao People's Democratic Republic, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 47.4% | — |
| 2009 | 49.0% | +3.3% |
| 2010 | 41.4% | -15.5% |
| 2011 | 41.6% | +0.5% |
| 2012 | 44.8% | +7.6% |
| 2013 | 56.3% | +25.7% |
| 2014 | 51.3% | -8.8% |
| 2015 | 50.2% | -2.2% |
| 2016 | 51.3% | +2.3% |
| 2017 | 58.8% | +14.5% |
| 2018 | 56.8% | -3.5% |
| 2019 | 53.8% | -5.2% |
| 2020 | 56.6% | +5.1% |
| 2021 | 58.3% | +2.9% |
| 2022 | 54.2% | -7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 48.2% | 47.4% | 49.0% | 2 |
| 2010s | 50.6% | 41.4% | 58.8% | 10 |
| 2020s | 56.4% | 54.2% | 58.3% | 3 |
Countries ranked near Lao People's Democratic Republic
More public sector data for Lao People's Democratic Republic
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9009 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 133.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 3.43 current USD per person (2013)
- Military expenditure (current USD), per unit of GDP 0.0019 current USD per US$ of GDP (2013)
- Military expenditure (current USD), annual growth rate 11.56 % change on previous year (2013)
- Military expenditure (current USD), gaps filled 22.68 million current USD (2013)
- Arms imports (SIPRI trend indicator values), per square kilometre 13 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Lao People's Democratic Republic?
- Compensation of employees in Lao People's Democratic Republic was 54.2% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Lao People's Democratic Republic?
- The highest recorded value was 58.8% in 2017.
- What is the lowest compensation of employees recorded in Lao People's Democratic Republic?
- The lowest recorded value was 41.4% in 2010.
- How does Lao People's Democratic Republic rank for compensation of employees?
- Lao People's Democratic Republic ranks 2nd out of 155 countries with data for 2022.
- Is compensation of employees rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 21.1%. The long-run trend across the full record is rising.
- Where does this Lao People's Democratic Republic 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.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.