Compensation of employees (% of expense) in New Zealand
New Zealand: Compensation of employees (% of expense) was 21.5% in 2022. ▲ Rising
Compensation of employees in New Zealand, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, compensation of employees in New Zealand stood at 21.5%.
That represents a change of down 6.9% on the previous year and down 9.4% over ten years.
Over the whole period, compensation of employees in New Zealand peaked at 27.3% in 2002 and was at its lowest, 17.2%, in 1984.
New Zealand ranks 91st of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
Compensation of employees (% of expense) in New Zealand, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 25.1% | — |
| 1973 | 25.1% | -0.3% |
| 1974 | 25.3% | +1.0% |
| 1975 | 23.6% | -6.8% |
| 1976 | 23.3% | -1.4% |
| 1977 | 21.8% | -6.2% |
| 1978 | 21.7% | -0.4% |
| 1979 | 22.1% | +1.5% |
| 1980 | 23.2% | +5.2% |
| 1981 | 21.9% | -5.8% |
| 1982 | 19.9% | -8.8% |
| 1983 | 18.8% | -5.6% |
| 1984 | 17.2% | -8.7% |
| 1985 | 17.8% | +3.9% |
| 1986 | 18.0% | +0.8% |
| 1987 | 17.2% | -4.3% |
| 1988 | 17.3% | +0.7% |
| 2001 | 25.4% | +46.4% |
| 2002 | 27.3% | +7.7% |
| 2003 | 24.2% | -11.5% |
| 2004 | 25.4% | +4.9% |
| 2005 | 25.6% | +1.0% |
| 2006 | 25.8% | +0.9% |
| 2007 | 25.0% | -3.4% |
| 2008 | 26.5% | +6.2% |
| 2009 | 24.4% | -7.9% |
| 2010 | 24.2% | -1.0% |
| 2011 | 20.5% | -15.1% |
| 2012 | 23.8% | +15.9% |
| 2013 | 24.0% | +0.9% |
| 2014 | 24.2% | +0.7% |
| 2015 | 24.5% | +1.3% |
| 2016 | 24.4% | -0.5% |
| 2017 | 24.3% | -0.3% |
| 2018 | 24.3% | -0.1% |
| 2019 | 24.9% | +2.7% |
| 2020 | 21.9% | -12.0% |
| 2021 | 23.1% | +5.5% |
| 2022 | 21.5% | -6.9% |
New Zealand compared with similar countries
- New Zealand's 21.5% is above the median for high income countries, which is 18.9%, 1.1× the median. (56 countries reporting)
- New Zealand's 21.5% is below the median for East Asia & Pacific, which is 29.6%, 73% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (% of expense) in New Zealand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +46.4% | 17.3% | 25.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.5% | 21.7% | 25.3% | 8 |
| 1980s | 19.0% | 17.2% | 23.2% | 9 |
| 2000s | 25.5% | 24.2% | 27.3% | 9 |
| 2010s | 23.9% | 20.5% | 24.9% | 10 |
| 2020s | 22.2% | 21.5% | 23.1% | 3 |
Countries ranked near New Zealand
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Frequently asked questions
- What is compensation of employees in New Zealand?
- Compensation of employees in New Zealand was 21.5% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in New Zealand?
- The highest recorded value was 27.3% in 2002.
- What is the lowest compensation of employees recorded in New Zealand?
- The lowest recorded value was 17.2% in 1984.
- How does New Zealand rank for compensation of employees?
- New Zealand ranks 91st out of 155 countries with data for 2022.
- Is compensation of employees rising or falling in New Zealand?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is rising.
- Where does this New Zealand 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.