Peru - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Peru was 19.12 as of 2019. Its highest value over the past 47 years was 40.00 in 1972, while its lowest value was 17.13 in 2011.

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 40.00
1973 37.50
1974 38.10
1975 34.41
1976 30.47
1977 33.95
1990 18.32
1991 18.53
1992 17.14
1993 18.85
1994 19.23
1995 19.37
1996 19.15
1997 21.43
1998 24.16
1999 22.45
2000 22.41
2001 22.39
2002 22.67
2003 22.88
2004 21.10
2005 20.09
2006 19.65
2007 17.32
2008 17.52
2009 18.08
2010 17.54
2011 17.13
2012 17.78
2013 18.45
2014 18.90
2015 18.58
2016 20.40
2017 19.64
2018 19.82
2019 19.12

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