Guatemala - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Guatemala was 34.75 as of 2019. Its highest value over the past 29 years was 49.80 in 1995, while its lowest value was 25.09 in 2007.

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
1990 37.39
1991 35.34
1992 36.08
1993 40.96
1994 42.17
1995 49.80
2000 31.35
2001 30.75
2002 30.89
2003 27.04
2004 28.12
2005 25.49
2006 25.44
2007 25.09
2008 26.62
2009 29.03
2010 29.58
2011 30.31
2012 29.26
2013 31.10
2014 32.55
2015 34.99
2016 33.83
2017 34.20
2018 33.70
2019 34.75

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