Luxembourg - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Luxembourg was 20.73 as of 2019. Its highest value over the past 47 years was 23.18 in 1995, while its lowest value was 17.29 in 1981.

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 20.22
1973 21.46
1974 22.00
1975 20.02
1976 19.73
1977 19.61
1978 19.90
1979 19.74
1980 20.14
1981 17.29
1982 20.78
1983 18.39
1984 18.90
1985 19.82
1986 20.34
1987 20.71
1988 19.78
1989 20.39
1990 20.98
1991 19.32
1992 21.82
1993 19.68
1994 19.10
1995 23.18
1996 22.95
1997 22.86
1998 22.75
1999 22.36
2000 22.19
2001 22.23
2002 21.71
2003 21.42
2004 21.01
2005 21.11
2006 21.02
2007 21.03
2008 20.29
2009 19.91
2010 20.12
2011 20.21
2012 19.81
2013 19.73
2014 19.94
2015 20.22
2016 20.06
2017 20.26
2018 20.54
2019 20.73

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