Compensation of employees in Lower middle income
Lower middle income: Compensation of employees was 32.6% in 2021. ▼ Falling
Compensation of employees in Lower middle income, 2004–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2021, compensation of employees in Lower middle income stood at 32.6%. That is the lowest value across all 14 years on record.
Compared with earlier readings it is down 5.8% on the previous year and down 10.6% over ten years.
Over the whole period, compensation of employees in Lower middle income peaked at 39.9% in 2009 and was at its lowest, 32.6%, in 2021.
Lower middle income ranks 10th of 39 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Compensation of employees in Lower middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2004 | 37.1% | — |
| 2009 | 39.9% | +7.5% |
| 2010 | 35.7% | -10.5% |
| 2011 | 36.4% | +1.9% |
| 2012 | 35.4% | -2.7% |
| 2013 | 35.4% | +0.0% |
| 2014 | 36.5% | +3.1% |
| 2015 | 37.6% | +2.8% |
| 2016 | 35.3% | -6.1% |
| 2017 | 36.8% | +4.3% |
| 2018 | 36.0% | -2.0% |
| 2019 | 35.4% | -1.8% |
| 2020 | 34.6% | -2.2% |
| 2021 | 32.6% | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.5% | 37.1% | 39.9% | 2 |
| 2010s | 36.1% | 35.3% | 37.6% | 10 |
| 2020s | 33.6% | 32.6% | 34.6% | 2 |
Countries ranked near Lower middle income
- 7 Saint Vincent and the Grenadines 49.8% compare
- 8 Honduras 48.6% compare
- 9 Saudi Arabia 48.5% compare
- 10 Burundi 48.1% compare
- 11 Madagascar 47.9% compare
- 12 Solomon Islands 47.3% compare
- 13 Eswatini 47.0% compare
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 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 -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Lower middle income?
- Compensation of employees in Lower middle income was 32.6% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Lower middle income?
- The highest recorded value was 39.9% in 2009.
- What is the lowest compensation of employees recorded in Lower middle income?
- The lowest recorded value was 32.6% in 2021.
- How does Lower middle income rank for compensation of employees?
- Lower middle income ranks 10th out of 39 groups with data for 2021.
- Is compensation of employees rising or falling in Lower middle income?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is falling.
- Where does this Lower middle income 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.