Compensation of employees in Solomon Islands
Solomon Islands: Compensation of employees was 47.3% in 2022. ▲ Rising
Compensation of employees in Solomon Islands, 2011–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Solomon Islands recorded 47.3% for compensation of employees in 2022. That is the highest value across all 12 years on record.
That represents a change of up 32.9% on the previous year and up 35.4% over ten years.
Over the whole period, compensation of employees in Solomon Islands peaked at 47.3% in 2022 and was at its lowest, 31.0%, in 2013.
Solomon Islands ranks 12th of 155 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 12 years of available data.
Compensation of employees in Solomon Islands, year by year
| Year | % of expense | Change |
|---|---|---|
| 2011 | 35.3% | — |
| 2012 | 35.0% | -0.9% |
| 2013 | 31.0% | -11.4% |
| 2014 | 32.0% | +3.1% |
| 2015 | 33.4% | +4.5% |
| 2016 | 35.2% | +5.3% |
| 2017 | 34.7% | -1.4% |
| 2018 | 37.3% | +7.7% |
| 2019 | 36.3% | -2.7% |
| 2020 | 36.4% | +0.4% |
| 2021 | 35.6% | -2.2% |
| 2022 | 47.3% | +32.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 34.5% | 31.0% | 37.3% | 9 |
| 2020s | 39.8% | 35.6% | 47.3% | 3 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- Tax revenue 23.3% (2024)
- Taxes on income, profits and capital gains 22.7% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 7.7% (2024)
- Net lending (+) / net borrowing (-) -1.9% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 37.4% (2024)
- Interest payments 1.3% (2022)
- Other taxes 0.9% (2020)
- Goods and services expense 38.5% (2022)
Frequently asked questions
- What is compensation of employees in Solomon Islands?
- Compensation of employees in Solomon Islands was 47.3% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Solomon Islands?
- The highest recorded value was 47.3% in 2022.
- What is the lowest compensation of employees recorded in Solomon Islands?
- The lowest recorded value was 31.0% in 2013.
- How does Solomon Islands rank for compensation of employees?
- Solomon Islands ranks 12th out of 155 countries with data for 2022.
- Is compensation of employees rising or falling in Solomon Islands?
- Over the last ten years it is up 35.4%. The long-run trend across the full record is rising.
- Where does this Solomon 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.
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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.