Nicaragua - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Nicaragua was 39.90 as of 2019. Its highest value over the past 29 years was 48.20 in 1991, while its lowest value was 21.26 in 1997.

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 22.00
1991 48.20
1992 36.39
1993 30.13
1994 28.32
1995 25.36
1996 21.51
1997 21.26
1998 23.98
1999 23.13
2000 22.92
2001 21.82
2002 37.91
2003 36.26
2004 35.02
2005 34.45
2006 34.14
2007 36.01
2008 36.16
2009 38.91
2010 38.01
2011 36.43
2012 36.09
2013 37.10
2014 38.47
2015 37.11
2016 36.47
2017 37.42
2018 38.70
2019 39.90

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