Jamaica - Compensation of employees

Compensation of employees (current LCU)

The value for Compensation of employees (current LCU) in Jamaica was 195,935,000,000 as of 2019. As the graph below shows, over the past 31 years this indicator reached a maximum value of 200,125,000,000 in 2018 and a minimum value of 2,210,000,000 in 1988.

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
1988 2,210,000,000
1989 2,540,000,000
1990 2,857,500,000
1991 3,886,400,000
1992 4,359,600,000
1993 10,671,000,000
1994 11,525,900,000
1995 16,196,780,000
1996 24,442,900,000
1997 29,473,300,000
1998 32,329,210,000
1999 32,319,500,000
2000 35,596,960,000
2001 43,030,000,000
2002 56,491,020,000
2003 60,463,100,000
2004 63,516,770,000
2005 63,108,100,000
2006 78,660,890,000
2007 86,235,810,000
2008 111,534,000,000
2009 126,286,000,000
2010 127,901,000,000
2011 139,557,000,000
2012 147,382,000,000
2013 156,362,000,000
2014 158,759,000,000
2015 168,787,000,000
2016 179,068,000,000
2017 193,284,000,000
2018 200,125,000,000
2019 195,935,000,000

Compensation of employees (% of expense)

Compensation of employees (% of expense) in Jamaica was 36.00 as of 2019. Its highest value over the past 31 years was 43.65 in 2013, while its lowest value was 26.71 in 1992.

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
1988 43.03
1989 41.38
1990 38.25
1991 36.53
1992 26.71
1993 42.06
1994 33.45
1995 36.44
1996 38.06
1997 40.87
1998 38.15
1999 34.69
2000 37.17
2001 37.86
2002 40.04
2003 34.90
2004 33.72
2005 32.83
2006 35.04
2007 34.10
2008 35.96
2009 32.63
2010 38.39
2011 39.89
2012 40.77
2013 43.65
2014 40.09
2015 39.44
2016 38.81
2017 38.26
2018 37.17
2019 36.00

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance