Compensation of employees in Vanuatu
Vanuatu: Compensation of employees was 46.1% in 2023. ▼ Falling
Compensation of employees in Vanuatu, 1990–2023
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 Vanuatu is 46.1%, measured in 2023.
Compared with earlier readings it is down 1.7% on the previous year and down 14.3% over ten years.
Over the whole period, compensation of employees in Vanuatu peaked at 60.3% in 1990 and was at its lowest, 39.0%, in 2017.
Vanuatu ranks 15th of 155 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 21 years of available data.
Compensation of employees in Vanuatu, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 60.3% | — |
| 1995 | 53.8% | -10.7% |
| 1996 | 51.4% | -4.4% |
| 1997 | 45.7% | -11.0% |
| 1998 | 56.9% | +24.5% |
| 1999 | 57.5% | +0.9% |
| 2009 | 54.5% | -5.1% |
| 2010 | 51.8% | -4.9% |
| 2011 | 51.8% | -0.1% |
| 2012 | 53.4% | +3.0% |
| 2013 | 53.8% | +0.7% |
| 2014 | 49.7% | -7.6% |
| 2015 | 46.4% | -6.6% |
| 2016 | 42.1% | -9.4% |
| 2017 | 39.0% | -7.3% |
| 2018 | 48.7% | +25.0% |
| 2019 | 47.7% | -2.1% |
| 2020 | 43.3% | -9.3% |
| 2021 | 48.2% | +11.2% |
| 2022 | 46.9% | -2.7% |
| 2023 | 46.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.3% | 45.7% | 60.3% | 6 |
| 2000s | 54.5% | 54.5% | 54.5% | 1 |
| 2010s | 48.4% | 39.0% | 53.8% | 10 |
| 2020s | 46.1% | 43.3% | 48.2% | 4 |
Countries ranked near Vanuatu
More public sector data for Vanuatu
- Tax revenue 16.5% (2023)
- Taxes on goods and services 39.0% (2023)
- Net investment in nonfinancial assets 5.3% (2023)
- Net lending (+) / net borrowing (-) 0.7% (2023)
- Interest payments 2.4% (2023)
- Grants and other revenue 49.3% (2023)
- Interest payments 3.0% (2023)
- Other taxes 1.1% (2023)
- Goods and services expense 29.8% (2023)
- Taxes on international trade 10.6% (2023)
Frequently asked questions
- What is compensation of employees in Vanuatu?
- Compensation of employees in Vanuatu was 46.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Vanuatu?
- The highest recorded value was 60.3% in 1990.
- What is the lowest compensation of employees recorded in Vanuatu?
- The lowest recorded value was 39.0% in 2017.
- How does Vanuatu rank for compensation of employees?
- Vanuatu ranks 15th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Vanuatu?
- Over the last ten years it is down 14.3%. The long-run trend across the full record is falling.
- Where does this Vanuatu 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
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.