Compensation of employees in Paraguay
Paraguay: Compensation of employees was 41.5% in 2023. ▼ Falling
Compensation of employees in Paraguay, 2005–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, compensation of employees in Paraguay stood at 41.5%.
The figure is down 12.5% on the previous year and down 29.9% over ten years.
Over the whole period, compensation of employees in Paraguay peaked at 59.4% in 2014 and was at its lowest, 41.2%, in 2019.
That places Paraguay 22nd out of 155 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Compensation of employees in Paraguay, year by year
| Year | % of expense | Change |
|---|---|---|
| 2005 | 48.4% | — |
| 2006 | 49.6% | +2.4% |
| 2007 | 51.5% | +4.0% |
| 2008 | 54.5% | +5.8% |
| 2009 | 52.8% | -3.2% |
| 2010 | 55.0% | +4.3% |
| 2011 | 53.2% | -3.3% |
| 2012 | 55.8% | +4.8% |
| 2013 | 59.2% | +6.2% |
| 2014 | 59.4% | +0.3% |
| 2015 | 58.0% | -2.3% |
| 2016 | 51.4% | -11.5% |
| 2017 | 53.6% | +4.3% |
| 2018 | 49.7% | -7.3% |
| 2019 | 41.2% | -17.0% |
| 2020 | 47.9% | +16.2% |
| 2021 | 47.9% | -0.1% |
| 2022 | 47.5% | -0.8% |
| 2023 | 41.5% | -12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.4% | 48.4% | 54.5% | 5 |
| 2010s | 53.6% | 41.2% | 59.4% | 10 |
| 2020s | 46.2% | 41.5% | 47.9% | 4 |
Countries ranked near Paraguay
- 19 Kyrgyzstan 43.6% compare
- 20 Mali 43.3% compare
- 21 Somalia 42.0% compare
- 23 El Salvador 40.9% compare
- 24 Burkina Faso 40.7% compare
- 25 Bhutan 40.4% compare
More public sector data for Paraguay
- Arms imports 5.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 0.748 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2013)
- Arms imports (SIPRI trend indicator values), gaps filled 5.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 59.74 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0093 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.12 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 413.97 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 12.58 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is compensation of employees in Paraguay?
- Compensation of employees in Paraguay was 41.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Paraguay?
- The highest recorded value was 59.4% in 2014.
- What is the lowest compensation of employees recorded in Paraguay?
- The lowest recorded value was 41.2% in 2019.
- How does Paraguay rank for compensation of employees?
- Paraguay ranks 22nd out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Paraguay?
- Over the last ten years it is down 29.9%. The long-run trend across the full record is falling.
- Where does this Paraguay 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.