Compensation of employees in Marshall Islands
Marshall Islands: Compensation of employees was 35.3% in 2020. ▼ Falling
Compensation of employees in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2020, compensation of employees in Marshall Islands stood at 35.3%.
The figure is up 5.6% on the previous year and down 17.8% over ten years.
Over the whole period, compensation of employees in Marshall Islands peaked at 44.0% in 2014 and was at its lowest, 33.4%, in 2019.
That places Marshall Islands 43rd out of 155 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Compensation of employees in Marshall Islands, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 40.3% | — |
| 2009 | 40.9% | +1.5% |
| 2010 | 42.9% | +5.0% |
| 2011 | 40.2% | -6.3% |
| 2012 | 40.0% | -0.5% |
| 2013 | 40.0% | +0.0% |
| 2014 | 44.0% | +9.9% |
| 2015 | 40.7% | -7.6% |
| 2016 | 37.2% | -8.5% |
| 2017 | 35.3% | -5.1% |
| 2018 | 35.5% | +0.4% |
| 2019 | 33.4% | -5.7% |
| 2020 | 35.3% | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.6% | 40.3% | 40.9% | 2 |
| 2010s | 38.9% | 33.4% | 44.0% | 10 |
| 2020s | 35.3% | 35.3% | 35.3% | 1 |
Countries ranked near Marshall Islands
- 40 Sudan 36.8% compare
- 41 Zimbabwe 36.6% compare
- 42 Saint Kitts and Nevis 35.7% compare
- 44 Dominican Republic 35.2% compare
- 45 Tunisia 35.1% compare
- 46 Philippines 35.0% compare
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Goods and services expense 25.9% (2020)
Frequently asked questions
- What is compensation of employees in Marshall Islands?
- Compensation of employees in Marshall Islands was 35.3% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Marshall Islands?
- The highest recorded value was 44.0% in 2014.
- What is the lowest compensation of employees recorded in Marshall Islands?
- The lowest recorded value was 33.4% in 2019.
- How does Marshall Islands rank for compensation of employees?
- Marshall Islands ranks 43rd out of 155 countries with data for 2020.
- Is compensation of employees rising or falling in Marshall Islands?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is falling.
- Where does this Marshall Islands 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 — 13 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.