Cyprus - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Cyprus was 29.93 as of 2019. Its highest value over the past 47 years was 44.85 in 1972, while its lowest value was 25.82 in 2014.

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:

Year Value
1972 44.85
1973 40.95
1974 39.78
1975 40.17
1976 38.76
1977 38.28
1978 37.68
1979 40.98
1980 38.98
1981 39.79
1982 39.08
1983 35.48
1984 37.54
1985 36.31
1986 38.86
1987 36.02
1988 34.00
1989 32.74
1990 30.67
1991 31.34
1992 30.25
1993 31.87
1994 32.53
1995 40.53
1996 41.04
1997 40.45
1998 37.16
1999 37.71
2000 37.42
2001 35.54
2002 35.22
2003 36.11
2004 36.22
2005 34.66
2006 35.12
2007 35.14
2008 34.28
2009 35.68
2010 34.64
2011 34.32
2012 33.62
2013 32.23
2014 25.82
2015 29.99
2016 30.72
2017 30.98
2018 27.56
2019 29.93

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance