{"entity":{"iso2":"XJ","iso3":"LAC","name":"Latin America & Caribbean (excluding high income)","slug":"latin-america-and-caribbean-excluding-high-income"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"compensation-of-employees-percent-of-expense","source":"Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)","source_url":"https://data.worldbank.org/indicator/GC.XPN.COMP.ZS","title":"Compensation of employees (% of expense)","unit":"% of expense"},"observations":[{"date":"1998-01-01","value":26.7386},{"date":"1999-01-01","value":26.2477},{"date":"2000-01-01","value":29.8006},{"date":"2003-01-01","value":30.9707},{"date":"2004-01-01","value":28.2154},{"date":"2005-01-01","value":34.4349},{"date":"2006-01-01","value":34.1404},{"date":"2007-01-01","value":34.4607},{"date":"2008-01-01","value":35.9613},{"date":"2009-01-01","value":34.1559},{"date":"2010-01-01","value":37.2064},{"date":"2011-01-01","value":36.4294},{"date":"2012-01-01","value":32.0029},{"date":"2013-01-01","value":34.1},{"date":"2014-01-01","value":33.9102},{"date":"2015-01-01","value":36.4071},{"date":"2016-01-01","value":31.8769},{"date":"2017-01-01","value":33.0714},{"date":"2018-01-01","value":32.2536},{"date":"2019-01-01","value":31.9091},{"date":"2020-01-01","value":31.2398},{"date":"2021-01-01","value":29.2185},{"date":"2022-01-01","value":29.8494},{"date":"2023-01-01","value":31.9523}],"summary":{"latest_period":"2023-01-01","latest_value":31.9523,"max":37.2064,"mean":32.3564,"min":26.2477,"of":41,"rank":12,"trend":"rising"}}