Compensation of employees in Late-demographic dividend
Late-demographic dividend: Compensation of employees was 19.6% in 2023. ▼ Falling
Compensation of employees in Late-demographic dividend, 1995–2023
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 Late-demographic dividend is 19.6%, measured in 2023.
Compared with earlier readings it is up 3.3% on the previous year and down 7.5% over ten years.
Over the whole period, compensation of employees in Late-demographic dividend peaked at 26.3% in 2005 and was at its lowest, 18.4%, in 2021.
That places Late-demographic dividend 29th out of 41 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Compensation of employees in Late-demographic dividend, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 21.3% | — |
| 1996 | 20.8% | -2.4% |
| 1997 | 20.7% | -0.2% |
| 1998 | 22.9% | +10.6% |
| 1999 | 22.1% | -3.8% |
| 2000 | 20.5% | -7.2% |
| 2001 | 20.8% | +1.5% |
| 2002 | 22.2% | +6.9% |
| 2003 | 21.4% | -3.5% |
| 2004 | 22.6% | +5.3% |
| 2005 | 26.3% | +16.6% |
| 2006 | 23.3% | -11.4% |
| 2007 | 24.2% | +3.6% |
| 2008 | 21.3% | -12.1% |
| 2009 | 24.5% | +15.2% |
| 2010 | 21.0% | -14.1% |
| 2011 | 23.6% | +12.0% |
| 2012 | 22.7% | -3.7% |
| 2013 | 21.2% | -6.5% |
| 2014 | 21.4% | +1.1% |
| 2015 | 21.7% | +1.4% |
| 2016 | 21.4% | -1.8% |
| 2017 | 21.6% | +0.9% |
| 2018 | 22.3% | +3.4% |
| 2019 | 22.7% | +1.7% |
| 2020 | 20.1% | -11.4% |
| 2021 | 18.4% | -8.4% |
| 2022 | 19.0% | +3.2% |
| 2023 | 19.6% | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.6% | 20.7% | 22.9% | 5 |
| 2000s | 22.7% | 20.5% | 26.3% | 10 |
| 2010s | 22.0% | 21.0% | 23.6% | 10 |
| 2020s | 19.3% | 18.4% | 20.1% | 4 |
Countries ranked near Late-demographic dividend
- 26 Saint Lucia 40.4% compare
- 27 Cape Verde 39.9% compare
- 28 Iran, Islamic Republic of 39.8% compare
- 29 Bahrain 39.5% compare
- 30 Angola 39.3% compare
- 31 Maldives 39.1% compare
- 32 Cambodia 38.9% compare
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.97 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 -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Late-demographic dividend?
- Compensation of employees in Late-demographic dividend was 19.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Late-demographic dividend?
- The highest recorded value was 26.3% in 2005.
- What is the lowest compensation of employees recorded in Late-demographic dividend?
- The lowest recorded value was 18.4% in 2021.
- How does Late-demographic dividend rank for compensation of employees?
- Late-demographic dividend ranks 29th out of 41 groups with data for 2023.
- Is compensation of employees rising or falling in Late-demographic dividend?
- Over the last ten years it is down 7.5%. The long-run trend across the full record is falling.
- Where does this Late-demographic dividend 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.