Euro area - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Euro area was 16.60 as of 2019. Its highest value over the past 46 years was 19.82 in 1981, while its lowest value was 10.19 in 1991.

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
1973 18.72
1974 17.77
1975 15.61
1976 14.91
1977 15.69
1978 15.31
1979 15.16
1980 17.06
1981 19.82
1982 19.38
1983 19.03
1984 18.82
1985 18.42
1986 15.28
1987 15.21
1988 15.17
1989 15.39
1990 13.63
1991 10.19
1992 12.27
1993 12.12
1994 12.52
1995 16.88
1996 16.97
1997 16.20
1998 16.62
1999 16.68
2000 15.64
2001 16.51
2002 18.01
2003 15.48
2004 16.94
2005 18.33
2006 17.74
2007 17.71
2008 17.54
2009 16.23
2010 14.27
2011 14.74
2012 15.38
2013 15.12
2014 16.19
2015 16.42
2016 17.12
2017 16.55
2018 16.37
2019 16.60

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