Compensation of employees in Trinidad and Tobago
Trinidad and Tobago: Compensation of employees was 32.1% in 2019. ▼ Falling
Compensation of employees in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2019, compensation of employees in Trinidad and Tobago stood at 32.1%.
That represents a change of down 2.3% on the previous year and up 25.7% over ten years.
Over the whole period, compensation of employees in Trinidad and Tobago peaked at 37.8% in 2002 and was at its lowest, 21.5%, in 2008.
Trinidad and Tobago ranks 55th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Compensation of employees in Trinidad and Tobago, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 36.6% | — |
| 2002 | 37.8% | +3.2% |
| 2003 | 37.0% | -2.2% |
| 2004 | 33.0% | -10.8% |
| 2005 | 31.5% | -4.5% |
| 2006 | 21.7% | -31.0% |
| 2007 | 26.3% | +20.8% |
| 2008 | 21.5% | -18.2% |
| 2009 | 25.6% | +19.0% |
| 2010 | 24.1% | -5.7% |
| 2012 | 24.2% | +0.6% |
| 2013 | 27.1% | +11.8% |
| 2014 | 24.5% | -9.6% |
| 2015 | 28.6% | +16.6% |
| 2016 | 32.3% | +12.9% |
| 2017 | 30.9% | -4.3% |
| 2018 | 32.9% | +6.5% |
| 2019 | 32.1% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.1% | 21.5% | 37.8% | 9 |
| 2010s | 28.5% | 24.1% | 32.9% | 9 |
Countries ranked near Trinidad and Tobago
More public sector data for Trinidad and Tobago
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 23.4 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -34.78 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 32.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 171.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 234.54 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6,238 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is compensation of employees in Trinidad and Tobago?
- Compensation of employees in Trinidad and Tobago was 32.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Trinidad and Tobago?
- The highest recorded value was 37.8% in 2002.
- What is the lowest compensation of employees recorded in Trinidad and Tobago?
- The lowest recorded value was 21.5% in 2008.
- How does Trinidad and Tobago rank for compensation of employees?
- Trinidad and Tobago ranks 55th out of 155 countries with data for 2019.
- Is compensation of employees rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago 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.
Download this data
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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.