Compensation of employees in Thailand
Thailand: Compensation of employees was 22.6% in 2023. ▼ Falling
Compensation of employees in Thailand, 1972–2023
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 Thailand is 22.6%, measured in 2023.
The figure is up 6.7% on the previous year and down 18.9% over ten years.
Over the whole period, compensation of employees in Thailand peaked at 49.0% in 1995 and was at its lowest, 20.1%, in 2021.
Thailand ranks 85th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Compensation of employees in Thailand, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 32.2% | — |
| 1973 | 28.0% | -13.1% |
| 1974 | 33.0% | +18.0% |
| 1975 | 30.4% | -7.9% |
| 1976 | 28.6% | -5.8% |
| 1977 | 29.6% | +3.3% |
| 1978 | 26.2% | -11.5% |
| 1979 | 26.7% | +1.9% |
| 1980 | 26.1% | -2.2% |
| 1981 | 34.2% | +31.1% |
| 1982 | 35.3% | +3.1% |
| 1983 | 36.7% | +4.0% |
| 1984 | 36.3% | -1.2% |
| 1985 | 35.0% | -3.5% |
| 1986 | 36.4% | +3.9% |
| 1987 | 37.0% | +1.9% |
| 1988 | 36.7% | -0.9% |
| 1989 | 38.5% | +5.0% |
| 1990 | 41.3% | +7.2% |
| 1991 | 41.4% | +0.2% |
| 1992 | 44.2% | +6.8% |
| 1993 | 43.9% | -0.8% |
| 1994 | 41.9% | -4.6% |
| 1995 | 49.0% | +17.0% |
| 1996 | 46.6% | -4.9% |
| 1997 | 42.1% | -9.6% |
| 1998 | 36.3% | -13.7% |
| 1999 | 31.9% | -12.3% |
| 2000 | 44.6% | +40.0% |
| 2001 | 35.8% | -19.7% |
| 2002 | 26.5% | -26.0% |
| 2003 | 35.2% | +32.8% |
| 2004 | 33.2% | -5.6% |
| 2005 | 34.6% | +4.1% |
| 2006 | 40.0% | +15.5% |
| 2007 | 37.2% | -6.8% |
| 2008 | 35.3% | -5.2% |
| 2009 | 36.0% | +2.0% |
| 2010 | 40.1% | +11.3% |
| 2011 | 36.8% | -8.3% |
| 2012 | 29.6% | -19.6% |
| 2013 | 27.9% | -5.8% |
| 2014 | 27.3% | -1.9% |
| 2015 | 28.0% | +2.6% |
| 2016 | 27.5% | -2.0% |
| 2017 | 26.9% | -2.1% |
| 2018 | 25.9% | -3.7% |
| 2019 | 25.8% | -0.3% |
| 2020 | 23.0% | -10.9% |
| 2021 | 20.1% | -12.9% |
| 2022 | 21.2% | +5.6% |
| 2023 | 22.6% | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.3% | 26.2% | 33.0% | 8 |
| 1980s | 35.2% | 26.1% | 38.5% | 10 |
| 1990s | 41.9% | 31.9% | 49.0% | 10 |
| 2000s | 35.8% | 26.5% | 44.6% | 10 |
| 2010s | 29.6% | 25.8% | 40.1% | 10 |
| 2020s | 21.7% | 20.1% | 23.0% | 4 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.02 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -74.91 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 73.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 77.06 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.89 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 5.52 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 569.59 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Thailand?
- Compensation of employees in Thailand was 22.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Thailand?
- The highest recorded value was 49.0% in 1995.
- What is the lowest compensation of employees recorded in Thailand?
- The lowest recorded value was 20.1% in 2021.
- How does Thailand rank for compensation of employees?
- Thailand ranks 85th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Thailand?
- Over the last ten years it is down 18.9%. The long-run trend across the full record is falling.
- Where does this Thailand 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.