Greece - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Greece was 21.75 as of 2019. Its highest value over the past 47 years was 57.86 in 1972, while its lowest value was 17.55 in 2013.

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 57.86
1973 53.24
1974 52.48
1975 54.68
1976 49.05
1977 49.31
1978 36.20
1979 36.25
1980 33.90
1981 33.46
1982 24.94
1983 30.19
1984 29.90
1985 29.85
1986 27.81
1987 25.84
1988 26.04
1989 24.22
1990 21.97
1995 21.39
1996 20.02
1997 21.99
1998 21.58
1999 22.03
2000 22.01
2001 21.97
2002 23.24
2003 22.58
2004 23.27
2005 23.49
2006 22.83
2007 22.18
2008 21.47
2009 22.38
2010 21.53
2011 20.40
2012 20.36
2013 17.55
2014 22.07
2015 20.82
2016 22.01
2017 22.03
2018 21.58
2019 21.75

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