Compensation of employees in Upper middle income
Upper middle income: Compensation of employees was 20.9% in 2023. ▼ Falling
Compensation of employees in Upper middle income, 1998–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Upper middle income recorded 20.9% for compensation of employees in 2023.
That represents a change of up 2.5% on the previous year and down 13.3% over ten years.
Over the whole period, compensation of employees in Upper middle income peaked at 28.2% in 2006 and was at its lowest, 20.1%, in 2021.
Upper middle income ranks 27th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Compensation of employees in Upper middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 1998 | 24.2% | — |
| 2000 | 25.8% | +6.2% |
| 2003 | 27.0% | +5.0% |
| 2004 | 25.5% | -5.6% |
| 2006 | 28.2% | +10.3% |
| 2007 | 26.3% | -6.6% |
| 2008 | 26.7% | +1.6% |
| 2009 | 26.5% | -0.8% |
| 2010 | 24.2% | -8.6% |
| 2011 | 24.9% | +2.8% |
| 2012 | 25.5% | +2.6% |
| 2013 | 24.1% | -5.8% |
| 2014 | 24.6% | +2.4% |
| 2015 | 24.5% | -0.7% |
| 2016 | 23.1% | -5.7% |
| 2017 | 22.0% | -4.8% |
| 2018 | 23.4% | +6.5% |
| 2019 | 23.9% | +2.1% |
| 2020 | 23.1% | -3.1% |
| 2021 | 20.1% | -13.3% |
| 2022 | 20.4% | +1.6% |
| 2023 | 20.9% | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.2% | 24.2% | 24.2% | 1 |
| 2000s | 26.6% | 25.5% | 28.2% | 7 |
| 2010s | 24.0% | 22.0% | 25.5% | 10 |
| 2020s | 21.1% | 20.1% | 23.1% | 4 |
Countries ranked near Upper middle income
- 24 Burkina Faso 40.7% compare
- 25 Bhutan 40.4% compare
- 26 Saint Lucia 40.4% compare
- 27 Cape Verde 39.9% compare
- 28 Iran, Islamic Republic of 39.8% compare
- 29 Bahrain 39.5% compare
- 30 Angola 39.3% compare
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Upper middle income?
- Compensation of employees in Upper middle income was 20.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Upper middle income?
- The highest recorded value was 28.2% in 2006.
- What is the lowest compensation of employees recorded in Upper middle income?
- The lowest recorded value was 20.1% in 2021.
- How does Upper middle income rank for compensation of employees?
- Upper middle income ranks 27th out of 39 groups with data for 2023.
- Is compensation of employees rising or falling in Upper middle income?
- Over the last ten years it is down 13.3%. The long-run trend across the full record is falling.
- Where does this Upper middle income 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.