Compensation of employees (% of expense) in Slovakia
Slovakia: Compensation of employees (% of expense) was 16.4% in 2022. ▼ Falling
Compensation of employees in Slovakia, 1995–2022
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 Slovakia is 16.4%, measured in 2022.
That represents a change of up 2.2% on the previous year and up 21.6% over ten years.
Over the whole period, compensation of employees in Slovakia peaked at 19.7% in 1998 and was at its lowest, 12.9%, in 2005.
That places Slovakia 114th out of 155 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Compensation of employees (% of expense) in Slovakia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 18.5% | — |
| 1996 | 16.7% | -9.6% |
| 1997 | 18.5% | +10.7% |
| 1998 | 19.7% | +6.8% |
| 1999 | 18.4% | -6.6% |
| 2000 | 15.7% | -14.6% |
| 2001 | 18.6% | +18.5% |
| 2002 | 18.9% | +1.4% |
| 2003 | 13.6% | -27.9% |
| 2004 | 13.9% | +1.9% |
| 2005 | 12.9% | -7.4% |
| 2006 | 13.6% | +6.0% |
| 2007 | 13.3% | -2.2% |
| 2008 | 13.9% | +4.0% |
| 2009 | 13.3% | -4.2% |
| 2010 | 13.8% | +4.2% |
| 2011 | 13.8% | -0.2% |
| 2012 | 13.5% | -2.1% |
| 2013 | 13.8% | +2.3% |
| 2014 | 13.8% | -0.3% |
| 2015 | 13.6% | -1.3% |
| 2016 | 14.4% | +5.5% |
| 2017 | 15.6% | +8.4% |
| 2018 | 15.4% | -1.2% |
| 2019 | 16.3% | +6.1% |
| 2020 | 16.1% | -1.3% |
| 2021 | 16.1% | -0.2% |
| 2022 | 16.4% | +2.2% |
Slovakia compared with similar countries
- Slovakia's 16.4% is below the median for high income countries, which is 18.9%, 87% of the median. (56 countries reporting)
- Slovakia's 16.4% is above the median for Europe & Central Asia, which is 16.4%, 1.0× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.3% | 16.7% | 19.7% | 5 |
| 2000s | 14.8% | 12.9% | 18.9% | 10 |
| 2010s | 14.4% | 13.5% | 16.3% | 10 |
| 2020s | 16.2% | 16.1% | 16.4% | 3 |
Countries ranked near Slovakia
More public sector data for Slovakia
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Frequently asked questions
- What is compensation of employees in Slovakia?
- Compensation of employees in Slovakia was 16.4% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Slovakia?
- The highest recorded value was 19.7% in 1998.
- What is the lowest compensation of employees recorded in Slovakia?
- The lowest recorded value was 12.9% in 2005.
- How does Slovakia rank for compensation of employees?
- Slovakia ranks 114th out of 155 countries with data for 2022.
- Is compensation of employees rising or falling in Slovakia?
- Over the last ten years it is up 21.6%. The long-run trend across the full record is falling.
- Where does this Slovakia 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.