Cyprus - Compensation of employees

Compensation of employees (current LCU)

The value for Compensation of employees (current LCU) in Cyprus was 2,516,000,000 as of 2009. As the graph below shows, over the past 14 years this indicator reached a maximum value of 3,934,738,000 in 2008 and a minimum value of 1,451,457,000 in 1995.

Definition: Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year	Value
1995	1,451,457,000
1996	1,592,417,000
1997	1,728,079,000
1998	1,848,023,000
1999	1,981,123,000
2000	2,167,703,000
2001	2,275,174,000
2002	2,448,426,000
2003	2,970,916,000
2004	3,047,803,000
2005	3,215,246,000
2006	3,448,641,000
2007	3,661,704,000
2008	3,934,738,000
2009	2,516,000,000

Compensation of employees (% of expense)

Compensation of employees (% of expense) in Cyprus was 34.81 as of 2009. Its highest value over the past 14 years was 38.03 in 1995, while its lowest value was 32.23 in 2008.

Definition: Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

• Thematic map
• Country comparison
• Country ranking

Year	Value
1995	38.03
1996	37.27
1997	37.46
1998	35.87
1999	35.33
2000	35.54
2001	33.61
2002	33.45
2003	34.25
2004	34.40
2005	33.03
2006	33.42
2007	33.15
2008	32.23
2009	34.81

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance