Singapore - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Singapore was 24.45 as of 2019. Its highest value over the past 47 years was 43.98 in 1994, while its lowest value was 22.99 in 1987.

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 41.29
1973 38.43
1974 40.29
1975 40.00
1976 39.72
1977 38.23
1978 39.77
1979 39.52
1980 36.88
1981 35.86
1982 37.09
1983 36.86
1984 35.20
1985 41.44
1986 29.77
1987 22.99
1988 31.57
1989 31.51
1990 31.42
1991 28.12
1992 29.55
1993 31.13
1994 43.98
1995 38.66
1996 29.05
1997 34.22
1998 30.59
1999 32.40
2000 29.33
2001 27.38
2002 30.96
2003 30.64
2004 31.11
2005 34.01
2006 28.28
2007 32.14
2008 27.15
2009 27.01
2010 30.39
2011 27.17
2012 28.72
2013 29.63
2014 28.66
2015 23.84
2016 26.60
2017 26.50
2018 24.83
2019 24.45

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