Compensation of employees in San Marino
San Marino: Compensation of employees was 23.5% in 2023. ▼ Falling
Compensation of employees in San Marino, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for compensation of employees in San Marino is 23.5%, measured in 2023.
The figure is up 6.3% on the previous year and down 22.1% over ten years.
Over the whole period, compensation of employees in San Marino peaked at 36.2% in 1995 and was at its lowest, 22.1%, in 2022.
San Marino ranks 83rd of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Compensation of employees in San Marino, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 36.2% | — |
| 2002 | 34.0% | -6.1% |
| 2003 | 36.0% | +5.9% |
| 2004 | 32.6% | -9.3% |
| 2005 | 35.4% | +8.4% |
| 2006 | 36.0% | +1.7% |
| 2007 | 34.3% | -4.7% |
| 2008 | 34.3% | -0.0% |
| 2009 | 33.2% | -3.2% |
| 2010 | 34.2% | +3.1% |
| 2011 | 32.6% | -4.6% |
| 2012 | 31.6% | -3.1% |
| 2013 | 30.1% | -4.8% |
| 2014 | 29.3% | -2.5% |
| 2015 | 29.2% | -0.6% |
| 2016 | 28.6% | -2.1% |
| 2017 | 28.5% | -0.2% |
| 2018 | 27.0% | -5.4% |
| 2019 | 26.7% | -1.0% |
| 2020 | 25.0% | -6.2% |
| 2021 | 24.2% | -3.4% |
| 2022 | 22.1% | -8.7% |
| 2023 | 23.5% | +6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.2% | 36.2% | 36.2% | 1 |
| 2000s | 34.5% | 32.6% | 36.0% | 8 |
| 2010s | 29.8% | 26.7% | 34.2% | 10 |
| 2020s | 23.7% | 22.1% | 25.0% | 4 |
Countries ranked near San Marino
More public sector data for San Marino
- Tax revenue 17.3% (2023)
- Taxes on income, profits and capital gains 21.8% (2024)
- Taxes on goods and services 18.8% (2024)
- Net investment in nonfinancial assets 1.3% (2023)
- Net lending (+) / net borrowing (-) 1.2% (2023)
- Interest payments 5.0% (2024)
- Grants and other revenue 26.0% (2024)
- Interest payments 5.9% (2023)
- Other taxes 2.3% (2024)
- Goods and services expense 22.9% (2023)
Frequently asked questions
- What is compensation of employees in San Marino?
- Compensation of employees in San Marino was 23.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in San Marino?
- The highest recorded value was 36.2% in 1995.
- What is the lowest compensation of employees recorded in San Marino?
- The lowest recorded value was 22.1% in 2022.
- How does San Marino rank for compensation of employees?
- San Marino ranks 83rd out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in San Marino?
- Over the last ten years it is down 22.1%. The long-run trend across the full record is falling.
- Where does this San Marino 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.